GTX News and Press, Garrett Motion Inc From 06/22/22

Garrett Motion (NASDAQ:GTX) said Wednesday it will redeem remaining $212M of series B preferred stock on Jun. 28. GTX had paid Honeywell (HON) $375M in cash and issued the firm series B preferred stock on completion of its financial restructuring on Apr. 30, 2021. GTX redeemed $211M of the pr...

ROLLE, Switzerland, June 22, 2022 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading, differentiated technology provider for the automotive industry, today announced it will redeem all remaining Series B preferred stock on June 28, 2022. “Solid demand ...

The undervaluation persists but the company is going in the right direction. The capital structure clean up is progressing and ahead of schedule. The current headwinds will not last forever and will fade naturally. For further details see: Garret Motion Is Moving In The ...

Garrett has shown strong improvements on its balance sheet since its emergence from the Chapter 11 bankruptcy. Even though the leverage is high, the trajectory shows that it is likely to change in the near future. The company is extremely undervalued with almost as much cash on it...

The auto sector, including manufacturers and auto parts providers, are edging lower on Monday as troubles in China persist. Headlining the declines is Tesla (NASDAQ:TSLA) which has again delayed the ramp-up of its production at the Shanghai Gigafactory, per Reuters. Output was originally sche...

Seth Klarman’s 13F portfolio value decreased from $10.13B to $9.30B this quarter. Baupost Group increased Fiserv, Dropbox, Encompass Health, Nuvation Bio, and ironSource while reducing Joby Aviation and dropping Pershing Square Tontine and NortonLifeLock. The portfolio cont...

Silver Ring Value Partners provides investment advisory services. The Company offers portfolio management, financial planning, and trading services. Silver Ring Value Partners serves investors in the State of Massachusetts. The portfolio’s market value is roughly unchanged thus...

Garrett Motion Inc. (GTX) Q1 2022 Earnings Conference Call April 28, 2022, 8:30 AM ET Company Participants Paul Blalock - Investor Relations Olivier Rabiller - President and Chief Executive Officer Sean Deason - Chief Financial Officer Conference Call Participants Hamed Khorsand - BWS Financi...

The following slide deck was published by Garrett Motion Inc. in conjunction with their 2022 Q1 earnings call. For further details see: Garrett Motion Inc. 2022 Q1 - Results - Earnings Call Presentation

Garrett Motion press release (NASDAQ:GTX): Q1 GAAP EPS of $0.15 misses by $0.06. Revenue of $901M (-9.6% Y/Y) beats by $39M. Updated 2022 outlook for global auto production volumes and foreign exchange rates FY22 Outlook: Net sales of $3.5 billion to $3.7 billion (vs. $3.7 to $4.0 billio...