Garrett Motion Reports Q3 2026 Growth Driven by Industrial and Commercial Segments
Garrett Motion (GTX) reported third-quarter results for 2026 characterized by organic revenue growth of 3%, totaling $930 million. This performance was primarily driven by a significant 23% increase in the commercial vehicle and industrial segments, which helped offset declines in gasoline-related sales caused by shifting demand in China and a projected 2% to 4% decline in global light vehicle production. The company achieved an adjusted EBIT of $152 million with a margin of 16.3%, supported by favorable product mix and operational improvements. Despite currency headwinds and the impact of import tariffs, Garrett Motion maintained its full-year adjusted EBIT outlook of $570 million to $590 million. The firm also demonstrated strong capital management through $57 million in share repurchases during the quarter and a voluntary $50 million debt repayment.
Tickers: $GTX
Topics: Adjusted EBIT Dividend Free Cash Flow Guidance Net Sales Share Repurchases