Garrett Motion

Garrett Motion Delivers Strong 2023, Issues 2024 Outlook, Authorizes New $350M Share Repurchase Program

Retrieved on: 
Thursday, February 15, 2024
Hydrogen, EDT, Internet, Research, USD, Share repurchase, Gasoline, Transport, Growth, Research and development, Garrett Motion, Capital expenditure, GAAP, Webcast, Tax, Public expenditure, RD&E, Capital, Video game

ROLLE, Switzerland, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (the "Company"), a leading differentiated automotive technology provider, today announced its financial results for the three and twelve months ended December 31, 2023.

Key Points: 
  • During the fourth quarter of 2023, we repurchased $35 million of common stock under our authorized share repurchase program.
  • On February 13, 2024, the Board of Directors authorized a new $350 million share repurchase program valid until December 31, 2024.
  • Garrett is providing the following outlook for the full year 2024 for certain GAAP and Non-GAAP financial measures.
  • To access the webcast and supporting material, please visit the investor relations section of the Garrett Motion website at http://investors.garrettmotion.com/.

Garrett Motion to Hold Fourth Quarter and Full Year 2023 Financial Results Conference Call on Thursday February 15, 2024

Retrieved on: 
Tuesday, January 30, 2024
Internet, EDT, Garrett Motion, GTX, Webcast

ROLLE, Switzerland, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the fourth quarter and full year 2023 on Thursday, February 15, 2024 before the open of market trading.

Key Points: 
  • ROLLE, Switzerland, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the fourth quarter and full year 2023 on Thursday, February 15, 2024 before the open of market trading.
  • Garrett will hold a conference call the same day at 8:30 am EDT / 2:30 pm CET.
  • To participate in the conference call, please dial +1-877-883-0383 (US) or +1-412-902-6506 (international) and use the passcode 2659811.
  • To access the webcast and supporting material, please visit the investor relations section of the Garrett Motion website at http://investors.garrettmotion.com/ .

Garrett Motion to Hold Third Quarter 2023 Financial Results Conference Call on Tuesday October 24, 2023

Retrieved on: 
Friday, September 29, 2023
Webcast, GTX, Garrett Motion, CET, EDT, Internet

ROLLE, Switzerland, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the third quarter 2023 on Tuesday, October 24, 2023 before the open of market trading.

Key Points: 
  • ROLLE, Switzerland, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the third quarter 2023 on Tuesday, October 24, 2023 before the open of market trading.
  • Garrett will also hold a conference call the same day at 8:00 am EDT / 2:00 pm CET.
  • To participate on the conference call, please dial +1-877-883-0383 (US) or +1-412-902-6506 (international) and use the passcode 1022468.
  • To access the webcast and supporting material, please visit the investor relations section of the Garrett Motion website at http://investors.garrettmotion.com/ .

Allegion Appoints Susan (Sue) L. Main to Board of Directors

Retrieved on: 
Tuesday, September 12, 2023
Commercial Building & Real Estate, Technology, Construction & Property, Security, Interior Design, Building Systems, Architecture, Hardware, Residential Building & Real Estate, Aircraft, Ashland Global, Water Pik, ALLE, Hughes Aircraft Company, Compensation, California State University, Water, Corporate governance, Garrett Motion, Multimedia, Government, Teledyne Technologies, Committee, CFO, Growth, Committee on Finance, NYSE, Management, Main, Allegion

Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has appointed Susan (Sue) L. Main, senior vice president and chief financial officer (CFO) of Teledyne Technologies Incorporated, to the company's board of directors.

Key Points: 
  • Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has appointed Susan (Sue) L. Main, senior vice president and chief financial officer (CFO) of Teledyne Technologies Incorporated, to the company's board of directors.
  • “Sue is a strong leader and expert in her field,” Chair of Allegion’s Board of Directors Kirk Hachigian said.
  • Currently, Main also serves on the board of directors at Ashland Inc., and she formerly served as a director for Garrett Motion Inc.​ Main is a graduate of California State University, Fullerton.
  • You can also see the company’s full board of directors by clicking here .

Garrett Motion to Hold Second Quarter 2023 Financial Results Conference Call on Thursday July 27, 2023

Retrieved on: 
Monday, July 10, 2023
Webcast, GTX, Garrett Motion, CET, EDT, Internet

ROLLE, Switzerland, July 10, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a differentiated technology leader for the automotive industry, today announced it plans to issue financial results for the second quarter 2023 on Thursday, July 27, 2023 before the open of market trading.

Key Points: 
  • ROLLE, Switzerland, July 10, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a differentiated technology leader for the automotive industry, today announced it plans to issue financial results for the second quarter 2023 on Thursday, July 27, 2023 before the open of market trading.
  • Garrett will also hold a conference call the same day at 8:30 am EDT / 2:30 pm CET.
  • To participate on the conference call, please dial +1-877-883-0383 (US) or +1-412-902-6506 (international) and use the passcode 1236546.
  • To access the webcast and supporting material, please visit the investor relations section of the Garrett Motion website at http://investors.garrettmotion.com/ .

Garrett's Next-Generation Electric Compressor Technology Debuts in Hydrogen Fuel Cell Vehicle

Retrieved on: 
Wednesday, June 14, 2023
Hydrogen, BMW Group Plant Dingolfing, Pressure, FCC, Noise, Electronics, Oxygen, Electricity, Garrett Motion, BMW, Humidity, Investment, Motion, Engineering, Electric battery, Renewable energy, Rail transport

ROLLE, Switzerland, June 14, 2023 /PRNewswire/ -- Garrett Motion Inc. (Nasdaq: GTX), a differentiated technology leader for the automotive industry, is supporting BMW Group's commitment to developing zero-emission hydrogen fuel cell vehicles with an advanced electric fuel cell compressor (FCC) developed by Garrett's R&D team. BMW Group recently announced that it will pilot the second generation of its hydrogen fuel cell drive train in a small series of the BMW iX5 Hydrogen, boosted by Garrett's new generation, modular fuel cell compressor for hydrogen fuel cell electric vehicles.

Key Points: 
  • ROLLE, Switzerland, June 14, 2023 /PRNewswire/ -- Garrett Motion Inc. (Nasdaq: GTX), a differentiated technology leader for the automotive industry, is supporting BMW Group's commitment to developing zero-emission hydrogen fuel cell vehicles with an advanced electric fuel cell compressor (FCC) developed by Garrett's R&D team.
  • BMW Group recently announced that it will pilot the second generation of its hydrogen fuel cell drive train in a small series of the BMW iX5 Hydrogen, boosted by Garrett's new generation, modular fuel cell compressor for hydrogen fuel cell electric vehicles.
  • Garrett's electric air compressor for fuel cell electric vehicles is a key technology in the BMW iX5 Hydrogen's fuel cell system.
  • "Garrett is a pioneer in hydrogen electric fuel cell compressor technology with years of demonstrated expertise in production and on-road experience.

Garrett's Next-Generation Electric Compressor Technology Debuts in Hydrogen Fuel Cell Vehicle

Retrieved on: 
Wednesday, June 14, 2023
Hydrogen, BMW Group Plant Dingolfing, Pressure, FCC, Noise, Electronics, Oxygen, Electricity, Garrett Motion, BMW, Humidity, Investment, Motion, Engineering, Electric battery, Renewable energy, Rail transport

ROLLE, Switzerland, June 14, 2023 /PRNewswire/ -- Garrett Motion Inc. (Nasdaq: GTX), a differentiated technology leader for the automotive industry, is supporting BMW Group's commitment to developing zero-emission hydrogen fuel cell vehicles with an advanced electric fuel cell compressor (FCC) developed by Garrett's R&D team. BMW Group recently announced that it will pilot the second generation of its hydrogen fuel cell drive train in a small series of the BMW iX5 Hydrogen, boosted by Garrett's new generation, modular fuel cell compressor for hydrogen fuel cell electric vehicles.

Key Points: 
  • BMW Group recently announced that it will pilot the second generation of its hydrogen fuel cell drive train in a small series of the BMW iX5 Hydrogen, boosted by Garrett's new generation, modular fuel cell compressor for hydrogen fuel cell electric vehicles.
  • Garrett's e-compressor for fuel cell electric vehicles is a key technology in the BMW iX5 Hydrogen's fuel cell system.
  • Garrett's electric air compressor for fuel cell electric vehicles is a key technology in the BMW iX5 Hydrogen's fuel cell system.
  • "Garrett is a pioneer in hydrogen electric fuel cell compressor technology with years of demonstrated expertise in production and on-road experience.

Garrett Motion Reports First Quarter 2023 Financial Results

Retrieved on: 
Monday, April 24, 2023
Capital expenditure, CET, Internet, Garrett Motion, GAAP, USD, EDT, Public expenditure, EUR, EBITDA, Series, Capital, Webcast, Growth, Transport, Adjustment, Video game, Cryptocurrency, Pharmaceutical industry, Bank, Beauty salon, Research

ROLLE, Switzerland, April 24, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP), a differentiated technology leader for the automotive industry, today announced its financial results for the quarter ended March 31, 2023.

Key Points: 
  • This growth, together with Garrett's strong operational execution, allowed us to achieve another quarter of outstanding financial results and cash flow generation,” said Garrett President and CEO, Olivier Rabiller.
  • Gross profit totaled $189 million for the first quarter of 2023 as compared to $175 million in the first quarter of 2022, with a gross profit percentage for the first quarter of 2023 of 19.5% as compared to 19.4% in the first quarter of 2022.
  • Interest expense in the first quarter of 2023 was $28 million as compared to $23 million in the first quarter of 2022.
  • Garrett plans to issue financial results for the first quarter 2023 on Monday, April 24, 2023 before the open of market trading.

Garrett Presents Its Next Generation of Turbochargers and e-Mobility Technologies at Auto Shanghai 2023

Retrieved on: 
Tuesday, April 18, 2023
Artificial Intelligence, EV, Electric Vehicles, Public Transport, Other Transport, Trucking, Alternative Vehicles, Fuels, Security, Engineering, Transport, Automotive Manufacturing, Software, Manufacturing, Vehicle Technology, Other Automotive, Tires & Rubber, Recreational Vehicles, Performance & Special Interest, Off-Road Trucks & SUVs, Technology, Motorcycles, Fleet Management, Aftermarket, Automotive, Autonomous Driving, Vehicles, General Automotive, Communication, Bev, FCC, Electronics, Hydrogen, GM E-Turbo engine, Auto Shanghai, ICE, Gasoline, Electricity, Garrett Motion, Multimedia, SOC, Link Motion Inc, IDS, Miller, Running, Motion, Investment, Anomaly, VNT, GTX, Electrification, Rail transport, Electric battery

Garrett Motion Inc. (Nasdaq: GTX), a differentiated technology leader for the automotive industry, presents at Auto Shanghai 2023 (April 18-27) a portfolio of advanced technologies geared toward turbocharging, electrification and software connectivity.

Key Points: 
  • Garrett Motion Inc. (Nasdaq: GTX), a differentiated technology leader for the automotive industry, presents at Auto Shanghai 2023 (April 18-27) a portfolio of advanced technologies geared toward turbocharging, electrification and software connectivity.
  • As a pioneer and leader in turbocharging technologies in China since the 1990s, we are continuing to introduce cutting-edge technologies for this new era of electrification.
  • Our advanced solutions enable automakers to deliver the next generation of low- and zero-emissions vehicle technologies,” said Olivier Rabiller, CEO of Garrett Motion.
  • Jessica Zhang, global vice-president and general manager for Garrett China added: “Garrett Motion continues to invest in our state-of-the-art Shanghai and Wuhan manufacturing facilities.

Garrett Motion Expects 2023 Financial Results in the Upper End of its Prior Outlook and Will Hold its First Quarter Conference Call on Monday April 24, 2023

Retrieved on: 
Tuesday, April 4, 2023
CET, Internet, Garrett Motion, GAAP, EDT, VWAP, Series, Webcast, Consolidated, Adjustment, GTX, Cryptocurrency

Garrett plans to issue financial results for the first quarter 2023 on Monday, April 24, 2023 before the open of market trading.

Key Points: 
  • Garrett plans to issue financial results for the first quarter 2023 on Monday, April 24, 2023 before the open of market trading.
  • Garrett will also hold a conference call the same day at 8:30 am EDT / 2:30 pm CET.
  • To access the webcast and supporting material, please visit the investor relations section of the Garrett Motion website at http://investors.garrettmotion.com/ .
  • A replay of the conference call will be available by dialing +1-877-344-7529 (US) or +1-412-317-0088 (international) using the access code 3297013.