Latest news with #GarrettMotionInc
Yahoo
06-05-2025
- Automotive
- Yahoo
Why Garrett Motion Inc. (GTX) Is Surging in 2025
We recently published an article titled Why These 15 Vehicles & Parts Stocks Are Surging In 2025. In this article, we are going to take a look at where Garrett Motion Inc. (NASDAQ:GTX) stands against the other vehicles and parts stocks. Certain automotive companies have held up surprisingly well in the current environment, and that's especially true with companies that supply automotive parts. The high interest rate regime was supposed to crush automotive companies across the board, and early tariffs specifically targeted countries that produced the most automotive parts for the U.S. Even then. These stocks have done well since high interest rates have made it difficult for low-income consumers to buy new cars. Instead, they have opted for repairing their existing vehicles, which has been a tailwind for automotive parts companies for the past two years. The average age of vehicles was already at a record 12.6 years in 2024, so this tailwind isn't going away anytime soon. Customers who have higher incomes have kept on buying new vehicles. It is mostly because of them that consumer spending has held up across the board. Here are the biggest winners from this trend. Even during bear markets, there are pockets of the market that perform exceptionally well. For example, I identified 15 Financial Services Stocks that are up the Most in 2025 in another article. Methodology For this article, I screened the best-performing vehicles & parts stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Is Garrett Motion Inc. (GTX) The Top Auto Parts Stock That Could Surge On Trump's Auto Tariff Relaxation? A close up of an engine piston with a commercial turbocharger attached. Garrett Motion Inc. (NASDAQ:GTX) Number of Hedge Fund Holders In Q4 2024: 32 Garrett Motion Inc. (NASDAQ:GTX) is a cutting-edge technology leader delivering differentiated solutions for emission reduction and energy efficiency in the automotive industry. The company's stock has seen significant growth in 2025 primarily due to its successful expansion into electric vehicle technologies. In May 2025, Garrett announced it had won its first major series production award for electric motors with an industry-leading supplier, with production expected to start in 2027. This strategic win represents a significant milestone in the company's diversification beyond its traditional turbocharger business into zero-emission technologies.
Yahoo
02-05-2025
- Automotive
- Yahoo
Q1 2025 Garrett Motion Inc Earnings Call
Cyril Grandjean; Head of Investor Relations; Garrett Motion Inc Olivier Rabiller; President, Chief Executive Officer, Director; Garrett Motion Inc Sean Deason; Chief Financial Officer, Senior Vice President; Garrett Motion Inc Hamed Khorsand; Analyst; BWS Financial Operator Hello, my name is Dhawan and I will be your operator this morning. I would like to welcome everyone to the Garrett Motion first-quarter 2025 financial results conference call. This call is being recorded, and a replay will be available later today. After the company's presentation, there will be a Q&A session. I would now like to hand the call over to Cyril Grandjean, Garrett's head of investor relations. Cyril Grandjean Thank you, Dhawan. Good day and welcome everyone. Thank you for attending the Garrett Motion first quarter 2025 financial results conference call. Before we begin, I would like to mention that today's presentation and earnings press release are available on the IR section of Garrett's Motion website at There you will also find links to our SEC filings along with other important information about the company. We note that this presentation contains forward-looking statements within the meaning of the US federal securities laws. These statements, which can be identified by words such as anticipate, intend, plan, believe, expect, may, should, or similar expressions, represent management's current expectations and are subject to various risks and uncertainties that could cause our actual results to differ materially from such expectations. These risks and uncertainties include the factors identified in our annual report on Form 10-K and other filings with the Securities and Exchange Commission and include risks related to the automotive industry, competitive landscape, and macroeconomic and geopolitical conditions among others. Please review the disclaimers on slide two of our presentation as the content of our call will be governed by this language. Today's presentation also includes certain non-GAAP measures, which we use to help describe how we manage and operate our business. We reconcile each of these measures to the most directly comparable GAAP measure in the appendix of our presentation and related press release. Finally, in today's presentation and comments, we may refer to light vehicle diesel and light vehicle gasoline products by using the terms diesel and gasoline only. With us today are Olivier Rabiller, Garrett's President and Chief Executive Officer; and Sean Deason, Garrett's Senior Vice President and Chief Financial Officer. I will now hand the call over to Olivier. Olivier Rabiller Thanks Cyril, and thank you everyone for joining today's call. I am pleased to report that Garrett delivers the first quarter through continued outstanding operating performance in a soft industry environment. Adjusted sales for the first quarter were $878 million, slightly down year over year, yet outperforming the industry in light vehicle turbo sales for both gasoline and diesel applications, with gasoline growing 6% in the quarter. Thanks to team's efforts, we achieved outstanding operating performance. Adjusted EBIT was $131 million, and our adjusted EBIT margin was 14.9%, up 170 basis points compared to Q1 2024. This strong margin performance was primarily driven by the sustainable fixed and variable cost actions implemented in 2024, of which we are now seeing the benefits. Our adjusted free cash flow of $36 million was in line with expectations for the quarter. Our 2025 outlook remains unchanged. We are closely monitoring the situation arising from tariffs for imports into the U.S. So far, we have not noticed any material impact on the demand forecast, and have been able to implement pass-through with our customers. We are staying alert and are ready to take further measures to recover costs and adapt to slowing demand. In fact, Garrett has a well-balanced sales split across geographies, with only 20% of its sales in North America, and a region-for-region manufacturing approach. Finally, we continue to allocate capital consistent with our stated framework. In the first quarter, we repurchased $30 million of common stock and paid a $12 million quarterly dividend. Additionally, our Board of Directors has just declared our second quarterly dividend payable on June 16, 2025. Let me now move to slide 4 to share more about Garrett's continued success across our differentiated technologies. Our industry-leading and differentiated technologies were on display at the Shanghai Auto Show last week, where we showcased our ability to innovate and bring new differentiated turbo and hybrid offerings to our customers across all regions and verticals. We see increasing demand for turbocharged range-extended electric vehicles and plug-in hybrids, and we secured three new wins in China and North America in this area. In addition, we continue to win new on-highway commercial vehicle programs in Europe and China and launch natural gas applications for heavy trucks, demonstrating our capabilities to support alternative fuels with our turbo technologies. Our commitment to innovation has led to other notable accomplishments this quarter, as we were awarded multiple new awards for our large industrial turbos by local industry leaders in Asia. We have now doubled our presence in this segment, mainly due to the growth of data center infrastructure. Simultaneously, we are also making great progress with our zero-emission solutions, which are gaining substantial momentum. Today, I'm very proud to share that we've reached a significant milestone in the development of our E-Portrain high-speed technologies, securing our first series production award from Hyundai, a leading axle supplier, to integrate Garrett's high-speed E-motor and inverter technology into their axle and transmission platforms for heavy-duty commercial vehicles, with production targeted for 2027. These achievements demonstrate the substantial potential of our solutions and validate our position, especially in China, where battery electric penetration in commercial vehicles tops the rest of the world. In addition, our high-power lightweight centrifugal e-cooling compressor has continued to receive positive testing feedback and increase customer interest, setting the stage for business adoption not only for vehicles, but also for industrial applications. I will now hand it over to Sean to provide more details on our financial results and outlook. Sean Deason Thanks, Olivier, and good morning, everyone. I will begin my remarks on slide 5. As Olivier highlighted, we delivered strong first-quarter financial performance in a challenging and volatile industry environment. Our net sales were $878 million, trending upward sequentially as we saw increased demand for light vehicle applications in Europe and benefited from new gasoline launches and ramp-ups in North America. We continued to expand our adjusted EBIT margin, delivering $131 million of adjusted EBIT, which equates to a 14.9% margin in the quarter. This trend is a direct result of the proactive and structural cost actions we implemented in 2024, which will continue to benefit us throughout the year. As we mentioned last quarter, we have transitioned to adjusted EBIT as a measure of profitability. We believe adjusted EBIT more accurately reflects the profitability of Garrett, makes it more comparable to peers, and highlights our capital light model, which is highly cash-generative. For reference, we have included a reconciliation to adjusted EBIT in the appendix for your convenience. Finally, adjusted free cash flow, while sequentially lower, was in line with expectations and reflects timing of certain working capital elements, which we expect to recover in the coming quarters. Moving now to slide 6, we show our Q1 net sales bridge by product category as compared with the same period last year. In the quarter, net sales decreased slightly by $37 million versus the prior year, down 4% on a reported basis and 2% on a constant currency basis. We experienced strong year-over-year growth in gasoline applications, benefiting from new launches and ramp-ups, primarily in North America, and share of demand gains. This growth was offset by diesel softness, driven by lower industry production, mainly in Europe. We also saw demand for commercial vehicles and aftermarket applications lower. Additionally, foreign exchange resulted in a $21 million or 2% sales decline, primarily driven by weaker year over year. Turning now to slide 7, as I mentioned earlier, we now utilize adjusted EBIT as our measure of profitability, and we believe it provides additional insight into our financial performance and profitability, highlighting the strength of our asset-light and cash-generative operating model. Within the quarter, we delivered $131 million of adjusted EBIT, representing a $10 million increase over the same period last year and a strong margin of 14.9%, up 170 basis points. We achieved this strong performance through $31 million of operating improvement year-over-year, benefiting from price and structural actions taken in 2024, and more than offsetting the impact of lower sales and foreign exchange. In the quarter, we also successfully passed through $4 million, or 100% of the impact of newly implemented tariffs, which we expect to continue to do throughout the remainder of the year. Turning now to slide 8, I'll walk you through the adjusted EBIT to adjusted free cash flow bridge for the quarter. We delivered positive adjusted free cash flow of $36 million in line with our full-year expectations. The working capital usage in the quarter is aligned with our typical seasonality and was primarily driven by the timing of sales and related collections, which we expect to recover in the coming quarters. Cash taxes, cash interest were in line with expectations, and capital expenditures were within our financial frame. Turning now to slide 9, we ended the quarter with a liquidity position of $760 million, comprised of $630 million of underwrought revolving credit facility capacity and $130 million of unrestricted cash. In the quarter, we refinanced our term loan, achieving better pricing and extending its maturity until 2032. At the same time, we increased our revolving credit facility capacity by $30 million and extended its maturity to 2030. With no significant near-term maturities and ample liquidity, we are well positioned to navigate any potential future volatility that may arise as a result of macroeconomic or geopolitical uncertainty. In the first quarter, our positive cash generation enabled us to continue returning capital to our shareholders. Within the quarter, we repurchased $30 million of common stock under our $250 million share repurchase program and paid our first $12 million quarterly dividend. In line with our capital allocation policy, we continue to target a distribution of at least 75% of our adjusted free cash flow to shareholders over time through dividends and share repurchases. As Olivier mentioned earlier, our Board of Directors has also declared a second quarterly cash dividend payable in June 2025. And I will now transition to slide 10 to discuss our 2025 outlook. We are maintaining our 2025 outlook across all measures implying the following midpoints. Net sales of $3.4 billion, net sales growth at constant currency of negative 1%, net income of $232 million, adjusted EBIT of $457 million, net cash provided by operating activities of $402 million, and adjusted free cash flow of $345 million. While our outlook and assumptions remain unchanged, and although we expect to continue to pass through all implemented and future tariffs as previously mentioned by Olivier, at this time, there is sufficient uncertainty around the near-term impact new and future tariffs may have on the global economy, which could adversely impact the industry and subsequent demand for turbos. We will continue to monitor these risks and adjust our cost structure to adapt to any changes in customer demand. With that, I will now turn the call back to Olivier for closing remarks. Olivier Rabiller Thanks, Sean. Turning now to slide 11, we indeed stick to our value creation framework. Our priority remains to identify and focus on unmet customer needs where we can leverage our innovation capabilities to develop differentiated and highly efficient solutions at scale. We are strengthening our leadership position in the turbo industry while developing new zero-emission and turbo technologies and expanding into industrial applications. The recent service production award with Ende demonstrates that perfectly well. And our resilient operating framework is highly cash-generative, allowing us to navigate near-term volatility while remaining focused on reducing debt and returning cash to shareholders. Moving on our final slide, 12, I am proud to highlight the promising start we had this year with strong first quarter results. Overall, Garrett remains well positioned for the long-term success of the company. Our outstanding operating performance, consistent free cash flow generation, and healthy balance sheets provide us with significant flexibility to invest and continue winning in turbo, further advance our differentiated high-speed solutions and return value to shareholders through our disciplined capital allocation strategy. As already mentioned, we achieved a significant milestone by securing our first service production award for high-speed e-motor and inductor technology. We are well positioned to succeed in what could be a challenging year for the automotive industry, but where we see opportunities to keep on delivering strong performance. Before we close, I want to thank once again the entire Garrett team for their strong performance in the first quarter. Thank you for your time, and operator, we are now ready for Q&A. Operator (Operator Instructions) Hamed Khorsand, BWS Financial. Hamed Khorsand Hi. So, first off, I just want to talk about your comments about what you're seeing in North America with the new launches and ramps. That really didn't show up as far as percentage of sales in Q1. Is that later on this year, or could you just talk about the dynamics there as far as the split between the sales that you reported? Sean Deason So, we actually think that in terms of the mix, you need to be a little cautious when you look at the segment revenue in North America. But what we have seen is gasoline ramping up, and you saw that on our sales bridge. And a lot of that is driven by North America, plus shared demand gains, as I mentioned, in Europe. But there are offsets in North America in commercial vehicle, particularly off-highway, as well as aftermarket, that were slightly down. So, that is actually what the dynamic that you're seeing there. Hamed Khorsand Got it. And then, as far as the gasoline goes, how much opportunity is there as far as you look out into what you're bidding on for '26 and '27? Olivier Rabiller Maybe your question related to North America or for the world? Hamed Khorsand For North America and Europe. Olivier Rabiller We are seeing some significant opportunities, especially when it comes to North America. We have seen carmakers, and I think we highlighted that last quarter. We have seen carmakers reviewing their range of products, pivoting to add more hybrids, whether it's North American carmakers or foreign carmakers operating in North America, and with solutions that are, for most of them, implying that they need turbochargers, whether it's plug-in hybrids or something that is growing very much, that's range-extended electric vehicles, where the engine provides more of a generator, electric generator, to the powertrain. So, we are seeing a strong appeal for that, either directly with the carmakers in North America, the North American carmakers, I should say, or the ones that are operating in North America, meaning foreign brands. Hamed Khorsand Got it. Olivier Rabiller Not all of that will obviously come in 2027. 2027 is across the corner. It's two years down the line. But we'll see that coming and increasing by the end of the decade. Hamed Khorsand Okay. And then switching to China, is China looking like it's going to be more and more EV? And how do you feel about where you're situated as far as market share is concerned? Olivier Rabiller We are feeling good about our share of demand in China. Two things. First, in China, we are having not only a passenger vehicle business. We are having also a commercial vehicle business that is very strong, especially on highway and more and more in off-highway. And I think in the earnings release, we are alluding to the position we are establishing on off-highway gen-set for data centers. But on highway is a very strong business, has always been a strong business in China. We are feeling very good about it. We are providing differentiated technology that our customer wants. And I was once again meeting with some of them last week, and they were reinforcing that they need that technology moving forward. We are also equipping a lot of vehicles that are light commercial vehicles in China that still need and will need for a long time diesel engines. And it's a good business for us where our leadership, especially with valuable geometry, is recognized. Now, coming back to probably the point of your question, which is passenger vehicles. We are pleased with what we are achieving in China. Not only with the traditional car makers, and in traditional car makers, I would put the global brands and their local partners, which are the big state-owned enterprises, like SAIC, Shanggan, GAC, FAW, and Dongseng. But we have made significant progress with what I would call the winners in China. So, names like BYD, Sherry, Geely, and even new brands that have come, like Socon and Ceres. Those companies are very innovative, and they are blurring the lines between battery electric vehicle and hybrids by really pushing the development of either plug-in hybrids or range-extended electric vehicles and using extensively turbochargers. So, I had really the pleasure to meet with all of these people last week, and they were really reiterating to us that they need our technology moving forward. So, I'm feeling quite good about that. Hamed Khorsand Great. And then, Sean, I noticed in the guidance you're keeping the Euro assumption at [105]. What would the dynamics be if the Euro stayed north of [110] where it is right now? Sean Deason So, we definitely see favorability in revenue, and EBITDA as well. But with all the different moving parts in the current macro environment, we felt that the prudent thing was to just keep guidance to where it is for the moment. It's been a very recent move just toward the end of March, which is why you didn't really see any of that favorability come through in the first quarter. But again, you would absolutely see a favorability of revenue and profit driven by FX if this environment continues. Hamed Khorsand And how much exposure would you have to these North American tariffs? Sean Deason We think, and again, we're going to pass them through entirely. If everything stays the way it is today, which is also another if, we think it's around the $60-ish million that would be passed through. Again, reemphasizing that, like Olivier said, 20% of our sales is in North America. And some of that is to car makers in Mexico. Olivier Rabiller Yeah, we have a significant portion of the sales that we are doing directly to customers that are in Mexico that are exporting the cars to North America. And all the cars, all the engines, and the rest we do direct. So the dollar value, you would see it only on the piece that we send from Mexico to the US. Great. But we have very limited exposure. We have very limited exposure to anything that comes from Europe, because as we are saying in the script, we are very much manufacturing in the region for the region. Hamed Khorsand Thank you, guys. Operator Thank you. As we have no further questions, we will now conclude our conference. Thank you for attending today's presentation. You may now disconnect.
Yahoo
24-04-2025
- Business
- Yahoo
Garrett Motion Inc. (GTX): Among Prem Watsa's Stock Picks With Highest Potential
We recently compiled a list of . In this article, we are going to take a look at where Garrett Motion Inc. (NASDAQ:GTX) stands against Prem Watsa's other stock picks. Momentum and technology stocks have dominated the markets over the past decade. They have been the catalyst behind valuations in the overall equity markets getting out of hand. Not anymore. A full-blown correction is in play, going by major US indices pulling back by up to 10% from all-time highs. The pullback has mostly been felt in the tech space, where most counters have been trading at premium valuations for years. The correction being experienced comes on the backdrop of billionaire investor Prem Watsa insisting that value investing has been overshadowed over the past decade. The renowned investor and CEO of insists on patience and discipline in value investing as one of the ways of generating long-term returns. READ ALSO: 15 Recent Activist Investor Campaigns and Billionaire Rob Citrone's Top 10 Stock Picks. 'In the last 10 years since that 2008, 2009 crash—call it the great financial crash—value investing basically, I think, one, maybe two years we've had that value-oriented stocks have done well compared to momentum.' The dominance of technology stocks led by the 'magnificent seven' stocks has tested the resolve of value-focused investors in recent years. The stocks have posted double-digit percentage gains over the past two years, resulting in premium valuations at the back of the artificial intelligence-driven rally. However, the stocks have come under pressure in 2025 amid a string of headwinds, among them the growing concerns about the impact of the US trade war. Growing concerns that the US Federal Reserve will not cut interest rates as inflation ticks high on the pitfalls of the US trade war and tariffs have also sent tech stocks tumbling the most. With the stocks pulling back, billionaire Watsa insists that now may be the best time to look for value investments, trading at highly discounted valuations with significant upside potential. For Watsa, the Canadian 'Warren Buffett', focus should always be on value investing, focusing on strong businesses at fair prices. 'We just think value investing—where you're buying something, a dollar for 50 cents, is the expression—good companies run by good, honest, hardworking presidents, CEOs. And you're buying them at fair prices. We think over time that should work.' Watsa has built a reputation for identifying and focusing on undervalued opportunities. He has also cemented his place as one of the most respected figures in global finance with a reputation for navigating crises, such as the one in play amid the US trade war. Fairfax Financial Holdings, the holding company that Watsa founded in 1985, has carved a name over its disciplined underwriting and value-oriented investment strategy. It also focuses on delivering above-average returns over time. With a portfolio value of about $1.5 billion, the holding company portfolio is highly diversified across basic materials technology financials and consumer cyclical sectors. We combed Fairfax Financial Holdings Limited SEC Q4 2024 13F filings to identify Billionaire Prem Watsa's 10 stock picks with highest potential. We then settled on stocks with more than 30% upside potential based on analysts ratings and analyzed why the stocks stand out as solid value investments well poised to generate significant value. Finally, we ranked the stocks in ascending order based on the value of the stock's upside potential after highlighting hedge fund sentiment on the stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close up of an engine piston with a commercial turbocharger Motion Inc. (NASDAQ:GTX) is an auto parts company that designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors. It also offers cutting-edge technology for mobility and industrial space. BWS Financial has already reiterated a Strong Buy rating on the stock with a $12 price tag. The bullish stance comes on the heels of the automotive technology provider announcing plans to return 75% or more of its adjusted free cash flow to shareholders through stock buybacks and dividends. The actions affirm the strength of the balance sheet and confidence in generating long-term free cash flow. Garrett Motion Inc. (NASDAQ:GTX) delivered full-year 2024 results. While revenue was down 11% year-over-year to $3.4 billion, adjusted EBITDA improved by 90 basis points to 17.2%. The company also generated $358 million in adjusted free cash flow, a testament to solid operating performance. Amid a challenging market environment, Garrett Motion Inc. (NASDAQ:GTX) is increasingly capitalizing on the growing demand for zero-emission technologies. It has already inked a strategic partnership with SinoTruk to enhance the development of commercial electric vehicles. The two are working on developing a next-generation electric powertrain with a focus on the robust Chinese commercial vehicle market. Overall GTX ranks 9th on our list of Prem Watsa's stock picks with highest potential. While we acknowledge the potential of GTX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GTX but that trades at less than 5 times its earnings check out our report about this READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
18-04-2025
- Automotive
- Yahoo
Is Garrett Motion Inc. (GTX) The Top Auto Parts Stock That Could Surge On Trump's Auto Tariff Relaxation?
We recently published a list of . In this article, we are going to take a look at where Garrett Motion Inc. (NASDAQ:GTX) stands against other top auto parts stocks that could surge On Trump's auto tariff relaxation. The corporate earnings season is about to kick off, but investors have something else on their minds: Donald Trump's tariffs. Since the beginning of his term, Trump has wreaked havoc on the markets with repeated tariffs, resulting in the S&P index being down nearly 8% for the year. We have observed that some of the most aggressive tariff policies are soon revoked or relaxed, resulting in a rally that brings back the stock prices to reasonable levels. We saw this recently when Donald Trump hinted that Big Tech companies may not bear the brunt of the tariffs as badly as previously thought. As a result, investors poured their money into these companies, thinking they may be critical for the US infrastructure. A similar development is forming in the auto sector, with Trump likely to offer some relaxation when it comes to importing auto parts or manufacturing vehicles outside the US. Since auto parts companies are critical to the supply chain of this industry, we decided to take a look at the auto parts stocks that could surge following any news of relaxation in tariffs. To come up with our list of Top 10 Auto Parts Stocks that could surge following Trump's auto tariff reprieve, we looked at companies in the auto parts industry with a minimum market cap of $300 million that were outperforming their peers. A close up of an engine piston with a commercial turbocharger attached. Garrett Motion Inc. is a manufacturer, designer, and seller of air and fluid compression, turbocharging, and high-speed electric motor technologies. The company serves original equipment manufacturers and distributors. It provides cutting-edge technology for industrial space and mobility. The firm recently reported its Q4 2024 earnings, indicating an improved EBITDA margin of 18.1%, fueled by cost management and operational performance. The company also increased share repurchase activity by spending $70 million during the quarter. Garrett reduced its total debt to $1.5 billion, aided by strong liquidity. For the full year, the company recorded enhanced adjusted EBITDA margin of 17.2%. As per the company's provided outlook, it expects net sales of $3.4 billion in 2025. Adjusted free cash flow is anticipated to be $345 million with the adjusted EBITDA of $575 million. The firm plans to assign more than half of its research and development expenditures to zero-emission technologies. This will increase its total research and development expenditures to 4.6% of sales. Management highlighted challenges from foreign exchange impacts, but pricing strategies and operational productivity are expected to minimize these challenges. Overall, GTX ranks 5th on our list of top auto parts stocks that could surge On Trump's auto tariff relaxation. While we acknowledge the potential of GTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GTX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Associated Press
16-04-2025
- Automotive
- Associated Press
Garrett Motion to Hold First Quarter 2025 Financial Results Conference Call on Thursday May 01, 2025
PLYMOUTH, Mich. and ROLLE, Switzerland, April 16, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX), a leading provider of differentiated automotive technology, today announced that it plans to release its first quarter financial results on Thursday, May 01, 2025, prior to the opening of the market trading in the United States. Garrett will host a conference call that same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial +1-877-883-0383 (U.S.) or +1-412-902-6506 (international) and use the passcode 2829687. The conference call will also be webcast and will include a slide presentation. To access the webcast and supporting materials, please visit the Investor Relations section of the Garrett Motion website at A replay of the conference call will be available by dialing +1-877-344-7529 (U.S.) or +1-412-317-0088 (international) and using access code 5071316. The webcast will also be archived on Garrett's website. About Garrett Motion Inc. A differentiated technology leader, Garrett Motion has a 70-year history of innovation in the automotive sector (cars, trucks) and beyond (off-highway equipment, marine, power generators). Its expertise in turbocharging has enabled significant reductions in engine size, fuel consumption, and CO2 emissions. Garrett is expanding its positive impact by developing differentiated technology solutions for Zero Emission Vehicles, such as fuel cell compressors for hydrogen fuel cell vehicles, as well as electric propulsion and thermal management systems for battery electric vehicles. Garrett has five R&D centers, 13 manufacturing facilities and a team of more than 9,000 employees in more than 20 countries. Its mission is to enable the transportation industry to advance motion through unique, differentiated innovation. For more information, please visit Contacts: INVESTOR RELATIONS Cyril Grandjean +1 734 392 55 04 [email protected] MEDIA Amanda Jones +41 79 601 07 87 [email protected]
