GTX Stock Recent News

Second Quarter 2024 Highlights Net sales totaled $890 million, down 12% on a reported basis and down 10% at constant currency* Net income totaled $64 million; Net income margin of 7.2% Adjusted EBITDA* totaled $150 million; Adjusted EBITDA margin* of 16.9% Net cash provided by operating activities totaled $126 million Adjusted free cash flow* totaled $62 million Repurchased $65 million of Common Stock Updated Full Year 2024 Outlook Net sales of $3,570 million Net income of $275 million; Net income margin of 7.7% Adjusted EBITDA* of $608 million; Adjusted EBITDA margin* of 17.0% Net cash provided by operating activities of $405 million Adjusted free cash flow* of $350 million ROLLE, Switzerland and PLYMOUTH, Mich., July 25, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (the "Company"), a leading differentiated automotive technology provider, today announced its financial results for the three and six months ended June 30, 2024.

ROLLE, Switzerland, July 11, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading differentiated automotive technology provider, today announced it plans to issue financial results for the second quarter 2024 on Thursday, July 25, 2024, before the open of market trading. Garrett will hold a conference call the same day at 8:30 am EDT / 2:30 pm CET.

Highly commoditized industries require differentiation through production/pricing or consumer advantages to succeed. Garrett Motion specializes in emission reduction and energy efficiency solutions for the automotive industry, offering high-quality business fundamentals and attractive valuation. Garrett's leading market position, business economics, and strategic focus on zero-emission technologies make it a great business with long-term catalysts for future growth.

KELYA, CLS, SLVM, GTX and SSL have been added to the Zacks Rank #1 (Strong Buy) List on June 25, 2024.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

As inflation remains increasingly sticky, finding undervalued stocks to buy has become increasingly difficult. Meme stocks like GameStop (NYSE: GME ) continue climbing despite rapidly approaching market saturation, which could leave retail traders holding the bag when the music stops.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Garrett Motion (GTX) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

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