Recent Updates — GTX
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.
Garrett Motion Inc. announced that Steven Tesoriere resigned from its Board of Directors, effective as of the close of business on October 28, 2026. Mr. Tesoriere also served on the Talent Management and Compensation Committee until his resignation. The company stated that the departure was not due to any dispute or disagreement regarding operations or policies. Garrett Motion is a global leader in differentiated turbocharging and electrification technologies for automotive and industrial applications.
Garrett Motion Inc. reported second quarter 2026 financial results, announcing net sales of $976 million, a 5% increase on a constant currency basis compared to the prior year period. Net income totaled $101 million with an adjusted EBIT margin of 15.6%. The company raised its full-year 2026 outlook for net sales to $3.7 billion–$3.9 billion and adjusted EBIT to $560 million–$600 million. Additionally, the Board declared a quarterly cash dividend of $0.08 per share, payable on September 15, 2026, to shareholders of record as of September 1, 2026. Garrett Motion Inc. is an automotive and industrial technology provider specializing in turbocharging, electric propulsion, and thermal management systems.
On July 21, 2026, Garrett Motion Inc. appointed David J. Crompton to its Board of Directors and the Technology & Innovation Committee. Mr. Crompton is the Executive Chair and Co-Founder of Pioneer Clean Fleet Solutions and previously served as President and CEO of Achates Power and in senior leadership roles at Cummins Inc. Additionally, on July 22, 2026, the Board adopted the Sixth Amended and Restated By-laws to remove obsolete provisions and make administrative changes. The company operates in the mobility and industrial sectors, providing turbocharging and electrification technologies.