Garrett Motion Reports Strong Q2 Results and Raises Full-Year Outlook
Garrett Motion Inc. (NASDAQ:GTX) reported strong second-quarter results with net sales rising 7% to $976 million, driven by growth across its light-vehicle, commercial-vehicle, industrial, and aftermarket segments despite lower overall vehicle production. Adjusted EBIT reached a record $152 million in Q2, up from the prior year, while margins expanded to 15.6%. The company raised its full-year 2026 guidance for sales ($3.8 billion), adjusted EBIT ($580 million), and adjusted free cash flow ($430 million) due to a strong first-half performance. Garrett also continued returning capital to shareholders, repurchasing $28 million in shares during the quarter and paying out $15 million in dividends under its 75% adjusted free cash flow return framework. The company has no near-term debt maturities and ended Q2 with total liquidity of $788 million.
Tickers: $GTX
Topics: automotive capital_return ebit_growth financial_results