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Garrett Motion Q3 2024 Earnings Results & Report

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$26.29 +0.54 (+2.10%)
As of 01:33 PM Eastern
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Garrett Motion missed analyst expectations on both earnings and revenue in its Q3 2024 results, released October 24, 2024. The company reported EPS of $0.24 versus the $0.30 consensus estimate, while revenue of $826.00 million fell short of the $854.00 million estimate by $28.00 million.

Earnings Announcement Details

Quarter
Q3 2024
Report Date
Time
Before Market Opens

Garrett Motion EPS Results

Actual EPS
$0.24
Consensus EPS
$0.30
Beat/Miss
Missed by -$0.06
One Year Ago EPS
$0.23
EPS Beat Rate
6 of last 8 quarters

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 Q3 2024 Earnings FAQ

Garrett Motion (NASDAQ:GTX) reported earnings of $0.24 per share for Q3 2024, missing the consensus estimate of $0.30. The report was announced on Thursday, October 24, 2024.

Garrett Motion reported revenue of $826.00 million for Q3 2024, against a consensus estimate of $854.00 million.

Garrett Motion Earnings Headlines

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About Garrett Motion

Garrett Motion (NASDAQ:GTX) is an automotive technology company that develops and manufactures solutions designed to improve vehicle performance, fuel efficiency, emissions control and electrification. Its products serve passenger cars, commercial vehicles and off-highway applications, as well as the automotive aftermarket and motorsports sectors.

The company is best known for its turbochargers and related boosting technologies, which help internal-combustion engines produce power more efficiently. Garrett also develops electric boosting systems, including e-turbochargers and electric compressors, along with fuel-cell compressors and other technologies supporting hybrid and electric vehicle architectures.

Garrett Motion was formerly part of Honeywell’s transportation systems business and became an independent publicly traded company in 2018. Headquartered in Rolle, Switzerland, the company serves global automotive manufacturers and maintains an international engineering, manufacturing and customer-support presence. Olivier Rabiller serves as president and chief executive officer.

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