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Stock impact report

Garrett Motion Reports First Quarter 2024 Financial Results

Garrett Motion Inc. (GTX) 
Last garrett motion inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
First Quarter 2024 Highlights Net sales totaled $915 million, down 6% on a reported basis and 5% at constant currency*Net income totaled $66 million; Net income margin 7.2%Adjusted EBITDA* totaled $151 million; Adjusted EBITDA margin* of 16.5%Net cash provided by operating activities totaled $84 millionAdjusted free cash flow* totaled $68 millionRepurchased $109 million of Common Stock Reiterated Full Year 2024 Outlook Net sales of $3,870 million, flat on a reported and constant currency basis*Net income of $253 million; Net income margin 6.5%Adjusted EBITDA* of $620 million; Adjusted EBITDA margin* of 16.0%Net cash provided by operating activities of $420 millionAdjusted free cash flow* of $375 million ROLLE, Switzerland, April 25, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (the "Company"), a leading differentiated automotive technology provider, today announced its financial results for the three months ended March 31, 2024. $ millions (unless otherwise noted)  Show less Read more
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