Garrett Motion Inc. Reports Q3 2026 Growth and Announces $250 Million Share Buyback Program
Garrett Motion Inc. (GTX) reported a strong third quarter for 2026, characterized by organic sales growth and margin expansion. The company achieved net sales of $930 million, representing a 3% increase on an organic basis. CEO Olivier Rabiller highlighted the delivery of healthy adjusted free cash flow as a key driver of the quarter's performance. Looking ahead, management provided strategic guidance regarding their industrial segment, outlining approximately $300 million in projected industrial sales for 2027. To reward shareholders and demonstrate confidence in its financial position, the company has authorized a new share repurchase program totaling $250 million.
Tickers: $GTX
Topics: earnings report free cash flow margin expansion organic sales growth
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