Why Garrett Motion Stock Popped Today [Yahoo! Finance]
Garrett Motion Inc. (GTX)
Last garrett motion inc. earnings: 2/27 07:00 am
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Source: Yahoo! Finance
Garrett Motion ends 2023 on a high note. Garrett Motion's fourth-quarter net sales grew 5% year over year (3% at constant currency) to $945 million, translating to earnings based on generally accepted accounting principles ( GAAP ) of $52 million, or $0.22 per share. Both the top and bottom lines were roughly in line with analysts' consensus expectations but arrived above the midpoints of management's previously provided guidance ranges. Garrett Motion also repurchased $213 million of common stock during the quarter -- a significant sum considering its entire market cap stands at around $2.3 billion as of this writing -- and implemented $200 million of early debt repayments. Trending toward its bottom line, Garrett Motion also achieved a new quarterly record for adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) at $145 million. What's next for Garrett Motion stock? Garrett Motion issued guidance for full-year 2024 revenue of $3.80 billion to
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GTX
News
- Garrett Motion Inc. (NASDAQ:GTX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Reports First Quarter 2024 Financial ResultsGlobeNewswire
- Should Value Investors Buy Garrett Motion (GTX) Stock? [Yahoo! Finance]Yahoo! Finance
- Garrett Motion to Hold First Quarter 2024 Financial Results Conference Call on Thursday April 25, 2024GlobeNewswire
GTX
Earnings
- 4/25/24 - Beat
GTX
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/12/24 - Form ARS
- GTX's page on the SEC website