Garrett Motion Inc. 8K

Garrett Motion Inc. announced stronger-than-expected Q2 2026 results, raised its full-year 2026 financial outlook, and declared a $0.08 per share cash dividend.

Garrett Motion Inc. reported strong financial and operational results for the second quarter ended June 30, 2026, with net sales of $976 million (up 7% year over year, or 5% in constant currency), net income of $101 million and an adjusted EBIT margin of 15.6%, driven by growth across gasoline, diesel, commercial vehicle/industrial and aftermarket segments, improved mix and productivity, and disciplined cost management. The company highlighted multiple new business wins in turbocharger programs, genset applications for data centers, industrial air compression, and pre-development work on an e-powertrain for a Japanese truck maker, while maintaining solid liquidity of $788 million and reducing total debt to $1.386 billion. Based on its performance and outlook for the automotive and commercial vehicle markets, Garrett raised its full-year 2026 guidance for net sales, net income, adjusted EBIT, operating cash flow and adjusted free cash flow, and the Board of Directors declared a cash dividend of $0.08 per share payable on September 15, 2026 to shareholders of record on September 1, 2026.

Filing Facts

CIK

1735707

Ticker

-

Form

8K

Source Type

sec

Accession

0001735707-26-000025

Alert Tier

7