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Garrett Motion Inc. GTX Q2 2024 earnings

Reported July 25, 2024 · Before market open

Revenue$890.0MMiss by $16.8B
EPS$0.28Beat by $0.01
Revenue estimate$17.7B
EPS estimate$0.27

Next report

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

Financials

Q2 2024

Income statement

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Revenue$890.0M-12.0%
Gross profit$185.0M-8.4%
Net income$64.0M-9.9%
EPS (diluted)$0.28+115%

Balance sheet

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Cash & equivalents$98.0M-79.5%
Total debt$1.5B-19.1%
Total equity-$725.0M-16.4%
Total assets$2.2B-22.9%

Cash flow

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Operating cash flow$126.0M-23.2%
CapEx$17.0M-32.0%
Free cash flow$109.0M-21.6%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$1.93B+1.5%
Enterprise value$3.35B+1.5%
P/E8.1×+2.9×
P/S0.5×0.0×

Profitability

See full
Gross margin19.5%+0.4pp
Net margin6.4%-3.2pp
FCF margin8.6%-1.4pp

Returns & leverage

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Current ratio0.9×-0.2×

Segments

By product

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Aftermarket$121.0M+6.1%
Other$13.0M-7.1%

By geography

See full
Other International$19.0M+5.6%

Versus estimates

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Questions, answered.

When did Garrett Motion Inc. report Q2 2024 earnings?
Garrett Motion Inc. (GTX) reported Q2 2024 earnings on July 25, 2024 before market open.
What were Garrett Motion Inc.'s Q2 2024 revenue and EPS?
Garrett Motion Inc. reported revenue of $890.0M and eps of $0.28 for Q2 2024.
Did Garrett Motion Inc. beat estimates in Q2 2024?
Revenue missed the consensus estimate of $17.7B by $16.8B. EPS beat the consensus estimate of $0.27 by $0.01.
Where can I find Garrett Motion Inc.'s Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001735707-24-000044) directly on SEC EDGAR. The filing index links above go to sec.gov.