Garrett Motion Reports Strong Third Quarter 2026 Results and Announces $250 Million Share Repurchase Program for 2027Third Quarter 2026 Financial Highlights Net sales totaled $930 million, up 3% on a constant currency* basis vs prior year, driven by strong performance in commercial vehicle and industrial Net income totaled $97 million; net income margin of 10.4% Adjusted EBIT* totaled $152 million; adjusted EBIT margin* of 16.3% Net cash provided by operating activities totaled $135 million Adjusted free cash flow* totaled $136 million Reaffirming 2026 full-year mid-point outlook Third Quarter 2026 Business Highlights Continued growth in industrial above previous expectations Secured multiple turbo wins, including several light vehicle pr ograms for both China domestic and export Secured several on- and off-highway commercial vehicle applications across all regions Secured a production award for industrial E-Cooling compressor in Asia E-Powertrain and E-Cooling compressor on track for start of production in 2027 PLYMOUTH, Mich. and ROLLE, Switzerland, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (“Garrett” or the “Company”), a leading automotive and industrial technology provider, today announced its financial results for the three months ended September 30, 2026.
GlobeNewsWire10/29/2026Neutral