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Garrett Motion Inc. GTX Q1 2024 earnings

Reported April 25, 2024 · Before market open

Revenue$915.0MMiss by $39.5M
EPS$0.28Beat by $0.03
Revenue estimate$954.5M
EPS estimate$0.25

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$920.9M
EPS estimate$0.46

Financials

Q1 2024

Income statement

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Revenue$915.0M-5.7%
Gross profit$172.0M-9.0%
Net income$66.0M-18.5%
EPS (diluted)$0.28+115%

Balance sheet

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Cash & equivalents$196.0M-32.6%
Total debt$1.7B+39.3%
Total equity-$735.0M-819%
Total assets$2.4B-12.3%

Cash flow

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Operating cash flow$84.0M-8.7%
CapEx$32.0M+300%
Free cash flow$52.0M-38.1%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$2.35B+186%
Enterprise value$3.84B+121%
P/E9.6×+7.4×
P/S0.6×+0.4×

Profitability

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Gross margin19.3%+0.3pp
Net margin6.4%-4.0pp
FCF margin9.1%+0.3pp

Returns & leverage

See full
Current ratio-0.1×

Segments

By product

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Aftermarket$112.0M+1.8%
Other$13.0M+8.3%

By geography

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Other International$16.0M-11.1%

Versus estimates

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Questions, answered.

When did Garrett Motion Inc. report Q1 2024 earnings?
Garrett Motion Inc. (GTX) reported Q1 2024 earnings on April 25, 2024 before market open.
What were Garrett Motion Inc.'s Q1 2024 revenue and EPS?
Garrett Motion Inc. reported revenue of $915.0M and eps of $0.28 for Q1 2024.
Did Garrett Motion Inc. beat estimates in Q1 2024?
Revenue missed the consensus estimate of $954.5M by $39.5M. EPS beat the consensus estimate of $0.25 by $0.03.
Where can I find Garrett Motion Inc.'s Q1 2024 SEC filings?
You can read the 10-Q periodic report (0001735707-24-000025) directly on SEC EDGAR. The filing index links above go to sec.gov.