Garrett Motion Inc. (NASDAQ:GTX) to Issue Quarterly Dividend of $0.08

Key Points

• Garrett Motion declared a quarterly dividend of $0.08 per share, payable December 15 to shareholders of record December 1. The dividend implies $0.32 in annual payments and a 1.4% yield.
• Third-quarter results exceeded expectations, with EPS of $0.51 versus the $0.45 consensus and revenue of $930 million, up 3.1% year over year. Adjusted EBIT reached $152 million, supported by strong profitability and free cash flow.
• Management reaffirmed its 2026 outlook and announced a planned $250 million share-repurchase program for 2027, while revenue slightly missed forecasts and a board resignation introduced some governance uncertainty.

Garrett Motion Inc. (NASDAQ:GTX - Get Free Report) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.08 per share on Tuesday, December 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 1st.

Garrett Motion Stock Up 0.7%

Shares of GTX stock traded up $0.15 during trading hours on Thursday, reaching $22.48. 5,035,149 shares of the stock traded hands, compared to its average volume of 2,728,711. The firm has a market capitalization of $4.19 billion, a PE ratio of 12.35, a PEG ratio of 0.65 and a beta of 0.83. Garrett Motion has a 1-year low of $15.54 and a 1-year high of $36.25. The business has a fifty day moving average price of $25.75 and a 200 day moving average price of $25.31.

Garrett Motion (NASDAQ:GTX - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. Garrett Motion had a net margin of 9.51% and a negative return on equity of 46.50%. The firm had revenue of $930.00 million during the quarter. During the same period in the prior year, the business posted $0.38 EPS. The company's revenue for the quarter was up 3.1% on a year-over-year basis. Research analysts expect that Garrett Motion will post 1.88 earnings per share for the current fiscal year.

Garrett Motion News Roundup

Here are the key news stories impacting Garrett Motion this week:

• Positive Sentiment: Adjusted earnings beat estimates: Third-quarter EPS was $0.51, above the $0.45 consensus and up from $0.38 a year earlier. Net sales increased 3% on a constant-currency basis to $930 million, led by commercial vehicle and industrial demand. Garrett Motion Q3 Earnings Surpass Estimates
• Positive Sentiment: Strong profitability and cash flow: Garrett generated $152 million in adjusted EBIT, a 16.3% margin, $97 million in net income and $136 million in adjusted free cash flow. These results support the company’s ability to fund investments and return capital to shareholders. Garrett Motion Reports Strong Third Quarter 2026 Results
• Positive Sentiment: $250 million buyback announced: The planned 2027 share-repurchase program could support GTX’s earnings per share and provide a meaningful demand signal from management. Garrett Motion Announces Equity Buyback
• Positive Sentiment: Growth opportunities expanded: Garrett secured additional turbocharger programs, commercial-vehicle applications and an industrial e-cooling compressor award. E-powertrain and e-cooling products remain on track for 2027 production, while data-center cooling applications offer a longer-term opportunity. Garrett Motion Data Center Cooling Technology
• Neutral Sentiment: Full-year outlook reaffirmed: Management maintained the midpoint of its 2026 guidance rather than raising expectations, limiting the potential for a stronger near-term revaluation. Garrett Motion 2026 Earnings Guidance
• Negative Sentiment: Revenue slightly missed forecasts: Quarterly sales of $930 million were below the approximately $935 million FactSet estimate, suggesting that operating execution and margin strength have not yet translated into an upside revenue surprise. Garrett Motion Q3 Revenue Flash
• Negative Sentiment: Board transition adds uncertainty: Director Steven Tesoriere, an Oaktree representative and former Finance Committee chair, resigned from the board. The company described the departure positively, but investors may monitor governance continuity and Oaktree’s reduced involvement. Garrett Motion Board Retirement

About Garrett Motion

Garrett Motion Inc is an automotive technology company that develops and manufactures solutions designed to improve vehicle performance, efficiency and emissions. Its products serve passenger vehicles, commercial vehicles and off-highway applications, supporting both internal-combustion and electrified powertrains.

The company is best known for its turbocharging technologies, including turbochargers and related air-management systems. Garrett also develops electric boosting systems, fuel-cell compressors, thermal-management products and other components intended to support hybrid, electric and fuel-cell vehicles.

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