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NASDAQ:GTX

Garrett Motion Q3 2024 Earnings Report

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$32.34 +0.76 (+2.41%)
Closing price 04:00 PM Eastern
Extended Trading
$31.52 -0.82 (-2.54%)
As of 05:40 PM Eastern
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Garrett Motion EPS Results

Actual EPS
$0.24
Consensus EPS
$0.30
Beat/Miss
Missed by -$0.06
One Year Ago EPS
$0.23

Garrett Motion Revenue Results

Actual Revenue
$826.00 million
Expected Revenue
$854.00 million
Beat/Miss
Missed by -$28.00 million
YoY Revenue Growth
N/A

Garrett Motion Announcement Details

Quarter
Q3 2024
Time
Before Market Opens
Conference Call Date
N/A
Conference Call Time
N/A

Garrett Motion Earnings Headlines

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About Garrett Motion

Garrett Motion (NASDAQ:GTX) is a technology leader specializing in the design, development and manufacture of turbocharging systems and related technologies for the global automotive industry. Its product portfolio includes conventional exhaust gas turbochargers, variable-geometry turbochargers, electric and e-boost turbochargers, as well as electronic actuators, sensors and thermal management systems. The company’s solutions are engineered to improve engine efficiency, reduce emissions and support automakers’ efforts to meet evolving regulatory standards for fuel economy and air quality.

Garrett Motion traces its roots to the founding of AiResearch by Cliff Garrett in 1936, a pioneer in aircraft and automotive turbocharging technologies. The turbocharger business later became part of Honeywell before being spun off as an independent, publicly traded company in 2018. Since its separation, Garrett Motion has focused on advancing both traditional internal combustion turbocharging and emerging electric turbocharger technologies to address the industry’s shift toward electrification and hybrid powertrains.

The company maintains a global footprint with engineering, manufacturing and customer support operations across North America, Europe, Asia-Pacific and Latin America. Garrett Motion works closely with leading original equipment manufacturers (OEMs) and aftermarket partners in passenger car, light- and heavy-duty truck, off-highway and specialty vehicle segments. Its broad geographic presence enables it to tailor solutions to regional emission regulations and performance requirements while ensuring local production and service capabilities.

Under the leadership of President and CEO Frédéric Lissalde, Garrett Motion continues to invest in research and development, with a focus on next-generation turbocharging platforms and e-boost systems that integrate with hybrid and battery-electric architectures. The company’s strategic initiatives also include digital services and predictive maintenance offerings designed to optimize performance, reliability and total cost of ownership for commercial fleets and aftermarket customers. Through its combination of heritage turbocharging expertise and innovation in electrified boosting, Garrett Motion aims to play a central role in the automotive industry’s transition to cleaner, more efficient mobility solutions.

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