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Stock impact report

Garrett Motion Inc (GTX) Reports Solid 2023 Results and Provides 2024 Outlook [Yahoo! Finance]

Garrett Motion Inc. (GTX) 
Last garrett motion inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Adjusted EBITDA : Grew to $635 million, reflecting an adjusted EBITDA margin of 16.3%. Operating Cash Flow : Net cash provided by operating activities totaled $465 million. Share Repurchase : GTX repurchased $213 million of common stock in 2023 and authorized a new $350 million share repurchase program for 2024. 2024 Outlook : Expects net sales of $3.870 billion, flat year-over-year, with a net income margin of 6.5%. Warning! GuruFocus has detected 5 Warning Signs with GTX. On February 15, 2024, Garrett Motion Inc ( NASDAQ:GTX ), a global leader in automotive technology, released its 8-K filing , announcing its financial results for the fourth quarter and full year of 2023. The company, known for its engineered turbocharger and electric-boosting technologies for light and commercial vehicle OEMs, reported a robust financial performance, with net sales totaling $945 million in Q4, marking a 5% increase on a reported basis. The full-year net sales stood at $3.886 billion, an Show less Read more
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