filecrux
Oct 29, 2:24 PM
$GTX Does Garrett's 26% Q3 profit jump hold up when its 2026 guidance midpoint was only held, not raised?
🏢 Garrett Motion, a turbocharger maker for cars, trucks and industrial engines worth about
$4.18B at
$22.33 a share at 16:00 ET on October 28, 2026, earned
$97M in Q3, up 26% from
$77M, on sales up 3% to
$930M
💰 The new
$250M buyback covers calendar year 2027 and equals about 6% of the
$4.18B market value at 16:00 ET on October 28, 2026
⚠️ The 2026 net income guide narrowed to
$337M to
$352M from
$330M to
$360M, keeping the midpoint, and after
$293M in nine months it implies only
$44M to
$59M in Q4
📈 Q3 adjusted free cash flow rose to
$136M from
$107M, and Garrett guides 2026 adjusted free cash flow of
$410M to
$450M; the
$250M buyback starts January 1, 2027, a year with no cash flow guide yet
📅 Next: Conference call at 8:30 am EDT on Thursday, October 29, 2026, and the
$0.08 dividend is payable on December 15, 2026
Source: GlobeNewswire release + SEC 8-K, Oct 29
0 replies