Earnings ·
Reports Q3 net income of $97M, declares $0.08 dividend and authorizes $250M buyback
GTXGarrett Motion Inc.
Garrett Motion reported third-quarter 2026 net sales of $930 million and net income of $97 million, with adjusted EBIT of $152 million. The company reaffirmed its full-year 2026 outlook and executed a $50 million voluntary early debt repayment on its Term Loan in October. Additionally, the Board approved a new share repurchase program for calendar year 2027 authorizing up to $250 million of common stock and declared a quarterly cash dividend of $0.08 per share payable December 15, 2026. Garrett Motion is an automotive and industrial technology provider specializing in turbocharging and thermal management systems.