GTX News and Press, Garrett Motion Inc From 08/16/23

2023-08-16 03:00:21 ET Summary Baupost Group's 13F portfolio value decreased from $5.85B to $5.61B this quarter. The portfolio is heavily concentrated, with Liberty Global, Liberty Media Sirius XM, ViaSat, Alphabet, and Veritiv accounting for approximately 58% of the holdings. ...

2023-07-31 15:48:23 ET Summary PHINIA, a manufacturer of fuel systems and aftermarket parts, is trading at a low valuation of 3.5x EV/EBITDA and a 20%+ free cash flow yield. Closing half the valuation gap between PHIN and their peers would drive a material uplift in the stock. ...

ZEELAND, Mich., July 28, 2023 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and six months ended June 30, 2023. 2nd Qua...

2023-07-27 11:31:04 ET Garrett Motion Inc. (GTX) Q2 2023 Earnings Conference Call July 27, 2023, 08:30 AM ET Company Participants Eric Birge - Head of IR Olivier Rabiller - President and CEO Sean Deason - SVP and CFO Conference Call Participants Hamed...

2023-07-27 07:07:32 ET Garrett Motion press release ( NASDAQ: GTX ): Q2 GAAP EPS of -$1.88. Revenue of $1.01B (+17.6% Y/Y). The company raised FY2023 revenue outlook to $3.84B to $4.03B from prior view of $3.79B to $3.98B. For further details see: Garrett Mot...

Second Quarter 2023 Highlights Net sales totaled $1,011 million, up 18% on a reported basis, up 19% at constant currency* Net income totaled $71 million; Net income margin 7.0% Adjusted EBITDA* totaled $170 million; Adjusted EBITDA margin* of 16.8% Net cash...

2023-07-25 15:02:05 ET Summary PHINIA was recently spun-off from BorgWarner. We believe the indiscriminate selling from BorgWarner existing shareholders and low valuation created a great opportunity to buy the stock. It is trading at 3.6X EV/EBITDA while peers are trading at +...

2023-07-17 09:55:36 ET Summary Garrett Motion's share buyback plan is growing, with the buyback valued at $570 million, potentially leading to more capital diverted to investors through future buybacks. The company, which designs and manufactures turbochargers and electric boostin...

2023-07-17 06:00:00 ET Summary Garrett Motion stock might look massively undervalued, but my analysis suggests the discount is fair. The turbocharger industry is expected to grow slowly, and Garrett is in a substantial net debt position. The company faces risks such as vulnera...

2023-07-10 07:20:16 ET The automobile sector will see anxiety ramp up over the next two months as the expiration of the United Auto Workers labor contract with the Big Three Detroit automakers gets closer. The current collective bargaining agreement, which cover more than 150K employees, wi...