Garrett Motion Announces Successful Repricing of Term Loan PLYMOUTH, Mich. and ROLLE, Switzerland, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced the successful repricing of its existing $690 million term loan due in 2032. Borrowings under the facility will bear interest at the Secured Overnight Financing Rate (SOFR) plus 200 basis points per annum, which represents a 25-basis point reduction from the existing facility.“We are pleased to have successfully completed ...
Garrett Motion Reports Second Quarter 2025 Financial Results; Raises Full Year Outlook Second Quarter 2025 Financial Highlights Net sales totaled $913 million, up 3% on a reported basis and flat on a constant currency* basisNet income totaled $87 million; Net income margin of 9.5%Adjusted EBIT* totaled $124 million; Adjusted EBIT margin* of 13.6%Net cash provided by operating activities totaled $158 millionAdjusted free cash flow* totaled $121 millionRaised full-year 2025 outlook to reflect favorable foreign currency impacts Second Quarter 2025 Business Highlights Awarded more than $1 bi...
Garrett Motion to Hold Second Quarter 2025 Financial Results Conference Call on Thursday July 24, 2025 PLYMOUTH, Mich. and ROLLE, Switzerland, July 10, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading provider of differentiated automotive technology, today announced that it plans to release its second quarter financial results on Thursday, July 24, 2025, prior to the opening of the market trading in the United States. Garrett will host a conference call that same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial (U.S.) or (inter...
Garrett Motion added to Russell 2000® Index PLYMOUTH, Mich. and ROLLE, Switzerland, June 30, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (“Garrett” or the “Company”), a leading differentiated automotive technology provider, today announced that the Company joined the Russell 2000® Index after the U.S. market closed on June 27, 2025, in accordance with the annual Russell indexes reconstitution. “Garrett Motion’s addition to the Russell 2000® Index highlights the strong progress we have made in recent years to expand our global leadership in turbo technologies - strengthenin...
Garrett Inaugurates Wuhan Innovation Center to Advance Zero-Emission Mobility Garrett opens second innovation center in China to expand zero-emission R&D capabilitiesNew Wuhan lab prioritizes high-speed E-Powertrain systems for zero-emission applications Wuhan and Shanghai now form dual innovation hubs driving global collaboration WUHAN, China, June 26, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ: GTX), a global leader in differentiated automotive technologies, today inaugurated its new Wuhan Innovation Center. Located within Garrett’s Wuhan Plant, the facility strengthens...
Garrett Motion Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase PLYMOUTH, Mich. and ROLLE, Switzerland, May 20, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (“Garrett” or the “Company”), a leading differentiated automotive technology provider, today announced a proposed secondary public offering of 17,000,000 shares of the Company’s common stock held by certain entities managed by affiliates of Oaktree Capital Management, L.P., Centerbridge Partners, L.P. and Cyrus Capital Partners, L.P. (collectively, the “Selling Stockholders”)....
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
Garrett Motion Reports First Quarter 2025 Financial Results; Wins First Major Series Production Award For Electric Motors First Quarter 2025 Financial Highlights Net sales totaled $878 million, down 4% on a reported basis and down 2% on a constant currency* basisNet income totaled $62 million; Net income margin of 7.1%Adjusted EBIT* totaled $131 million; Adjusted EBIT margin* of 14.9%Net cash provided by operating activities totaled $56 millionAdjusted free cash flow* totaled $36 millionReiterating full-year outlook First Quarter 2025 Business Highlights Continue to win acros...
Garrett and HanDe Sign Strategic Partnership, Including Series Production Award to Accelerate Electrification of Heavy-Duty Trucks with Advanced E-Axle Systems ROLLE, Switzerland and PLYMOUTH, Mich., April 23, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ: GTX), a leading differentiated automotive technology provider and Shaanxi Hande Axle Co., Ltd. (HanDe), a leading Chinese axle manufacturer for commercial vehicles, have signed a strategic agreement, including a series production award, to co-develop and manufacture advanced electric beam axle systems for medium and heavy-duty tr...
Advancing Motion: Garrett Presents Breakthrough Electrification and Turbocharging Innovations at Auto Shanghai 2025 First public showcase in China of 3-in-1 E-Powertrain and E-Cooling Compressor technologies, advancing zero-emission vehicle performanceDifferentiated turbocharging solutions for passenger and commercial vehicles, supporting emissions reduction and efficiencyHybrid-optimized boosting solutions to maximize fuel economy in PHEV and REEV applications ROLLE, Switzerland and PLYMOUTH, Mich., April 22, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ: GTX), a leading differen...
Moody's Ratings (Moody's) upgraded Earthstone Energy Holdings, LLC's (Earthstone) backed senior unsecured notes rating to Ba2 from Ba3 and changed the outlook to stable from positive. RATINGS RATIONALE The notes issued by Earthstone were legally assumed by Permian Resources Operating, LLC (Permi...
Garrett Motion to Hold First Quarter 2025 Financial Results Conference Call on Thursday May 01, 2025 PLYMOUTH, Mich. and ROLLE, Switzerland, April 16, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading provider of differentiated automotive technology, today announced that it plans to release its first quarter financial results on Thursday, May 01, 2025, prior to the opening of the market trading in the United States. Garrett will host a conference call that same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial (U.S.) or (intern...
Garrett Motion Delivers Strong 2024 Financial Performance, Issues 2025 Outlook Fourth Quarter 2024 Financial Highlights Net sales totaled $844 million, down 11% on a reported basis, down 10% at constant currency*Net income totaled $100 million; Net income margin 11.8%Adjusted EBITDA* totaled $153 million; Adjusted EBITDA margin* of 18.1%Net cash provided by operating activities totaled $131 millionAdjusted free cash flow* totaled $157 million Full Year 2024 Financial Highlights Net...
Garrett Motion to Hold Fourth Quarter 2024 Financial Results Conference Call on Thursday February 20, 2025 PLYMOUTH, Mich. and ROLLE, Switzerland, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading provider of differentiated automotive technology, today announced that it plans to release its fourth quarter financial results on Thursday, February 20, 2025, prior to the opening of the market trading in the United States. Garrett will host a conference call that same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial (U.S.) o...
Garrett Motion Announces Term Loan and Revolving Credit Facility Refinancing and Extension PLYMOUTH, Mich. and ROLLE, Switzerland, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced that it has successfully refinanced its existing $692 million term loan, and refinanced and upsized its existing $600 million revolving credit facility to $630 million. Borrowings under each of the new facilities will initially bear interest at the Secured Overnight Financing Rate (SOFR) plus...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Eaton Vance Floating-Rate Income Trust and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 21 November 2024 in which we reassessed the appropriateness of the r...
Garrett Motion Announces Long-Term Capital Allocation Framework, Including New Quarterly Dividend and $250M Share Repurchase Program for 2025 ROLLE, Switzerland and PLYMOUTH, Mich., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading differentiated automotive technology provider, today announced the adoption of a long-term capital allocation framework, under which the Company will target returning 75% or more of its Adjusted Free Cash Flow to shareholders over time through a combination of share repurchases and a regular quarterly ca...
Ride the Trend Higher Our outlook remains bullish following the S&P 500's multi-month base breakout above 5670, alongside constructive market dynamics which have significantly improved over the past week. In last week's Compass (11/5/24) titled "Buy the Pullback," we discussed how we were buyers, noting that "once past the election, starting as early as today (election day) or tomorrow (day after the election), we believe there will be a strong end-of-year rally that will extend into the early ...
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