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2023-04-17 07:26:40 ET Garrett Motion ( NASDAQ: GTX ) announced strong preliminary results for first quarter 2023 and updated outlook for FY2023. Preliminary Q1 results expected as follows: Net sales of $970M (+8% Y/Y) vs. consensus of $922M (one analyst estimate). ...
ROLLE, Switzerland, April 17, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading differentiated technology provider for the automotive industry, today announced strong preliminary results for first quarter 2023, including year-over-year net sales, net income, adjust...
2023-04-13 06:28:20 ET Garrett Motion ( NASDAQ: GTX ) has entered into agreements with Centerbridge Partners, L.P. and funds managed by Oaktree Capital Management, L.P. to convert all outstanding Series A preferred stock into a single class of common stock, on or about July 3, 202...
Series A Preferred Stock amended to automatically convert into Common Stock on or about July 3, 2023 Conversion would result in a single class of Common Stock with greater liquidity and a multi-billion dollar equity market capitalization Eliminates 11% Series A Preferred dividend,...
2023-04-04 07:32:50 ET Garrett Motion ( NASDAQ: GTX ) expects to achieve upper end of FY 2023 outlook. The company iterated 2023 outlook in its Q4 results , expects net sales $3.55B-3.85B and net income $255M-300M. YTD better than expected finan...
Stronger volumes, robust operational performance, and favorable foreign exchange driving better than expected financial results year to date; full-year net income and Adjusted EBITDA currently forecasted to be at upper end of prior outlook Garrett on track to satisfy the Consolidated EBIT...
ZEELAND, Mich., April 03, 2023 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, is pleased to announce that it will release its first quarter 2023 financial results on Fr...
ROLLE, Switzerland, March 08, 2023 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX, GTXAP) , a leading differentiated automotive technology provider, today announced that the first quarter dividend for the Series A 11% PIK Preferred Stock will be made in cash and is in lieu of allowi...
2023-03-07 10:49:14 ET Summary Garrett Motion posted disappointing FY22 and Q4 FY22 results. FY23 revenue guidance suggests stagnant revenue growth. GTX stock is stuck in a range for last two years. I assign a hold rating on GTX. Garrett Motion ( GTX ) manufa...
ZEELAND, Mich., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of ...
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Second Quarter 2024 Highlights Net sales totaled $890 million, down 12% on a reported basis and down 10% at constant currency* Net income totaled $64 million; Net income margin of 7.2% Adjusted EBITDA* totaled $150 million; Adjusted EBITDA margin* of 16.9% ...
ROLLE, Switzerland, July 11, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) , a leading differentiated automotive technology provider, today announced it plans to issue financial results for the second quarter 2024 on Thursday, July 25, 2024, before the open of market trading. ...
ZEELAND, Mich., July 01, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, is pleased to announce that it will release its second quarter 2024 financial results on Fr...