Garrett Motion Q3: Sales Plummet 14% Amid Weak Vehicle Demand, Cuts FY24 Topline Forecast [Yahoo! Finance]
Garrett Motion Inc. (GTX)
Last garrett motion inc. earnings: 2/27 07:00 am
Check Earnings Report
Company Research
Source: Yahoo! Finance
Sales declined 14% (reported and constant currency basis) year-over-year to $826 million, missing the consensus of $851 million. The decline was primarily due to weaker light vehicle sales caused by industry softness in Europe and China, competitive pressures on global OEMs, and short-term impacts from the customer vehicle platform mix. Net sales were also affected by pricing, net of inflation pass-through, and commodity deflation. Gross profit was $166 million, compared to $176 million last year, with a gross profit margin of 20.1% versus 18.3% a year ago. Adjusted EBITDA declined to $144 million from $152 million on lower volumes, the impact of commodity deflation on pricing after accounting for inflation pass-through, and unfavorable foreign exchange effects. Adjusted EBITDA margin increased to 17.4% compared to 15.8% prior year. EPS of $0.24 missed the consensus of $0.29 Operating cash flow totaled $67 million in the quarter, compared to $74 million a year ago. Adjust
Show less
Read more
Impact Snapshot
Event Time:
GTX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GTX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GTX alerts
High impacting Garrett Motion Inc. news events
Weekly update
A roundup of the hottest topics
GTX
News
- Optimism for Garrett Motion (NASDAQ:GTX) has grown this past week, despite three-year decline in earnings [Yahoo! Finance]Yahoo! Finance
- Garrett Motion to Boost Shareholder Value Via Dividend & Buybacks [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Inc. (GTX): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Garrett Motion Announces Long-Term Capital Allocation Framework, Including New Quarterly Dividend and $250M Share Repurchase Program for 2025GlobeNewswire
- Garrett Motion Inc. (GTX): This Small-Cap Stock Is Ready To Explode [Yahoo! Finance]Yahoo! Finance
GTX
Earnings
- 10/24/24 - Miss
GTX
Sec Filings
- 12/17/24 - Form SC
- 12/17/24 - Form 4
- 11/19/24 - Form 144
- GTX's page on the SEC website