Garrett Motion is a differentiated technology leader, serving customers worldwide for more than 65 years with passenger vehicle, commercial vehicle, aftermarket replacement and performance enhancement solutions. Garrett’s cutting-edge technology enables vehicles to become safer, more connected, efficient and environmentally friendly. The Company's portfolio of turbocharging, electric boosting and automotive software solutions empowers the transportation industry to redefine and further advance motion.
Company profile
Ticker
GTX, GTXAP
Exchange
Website
CEO
Olivier Rabiller
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Icahn Enterprises • Magna International • Adient • Aptiv • Lear • Autoliv • BorgWarner • Visteon • Dana • Allison Transmission ...
Former names
Garrett Transportation Systems Inc.
SEC CIK
Corporate docs
IRS number
824873189
GTX stock data
Latest filings (excl ownership)
424B3
Prospectus supplement
25 Jan 23
8-K
Departure of Directors or Certain Officers
25 Jan 23
424B3
Prospectus supplement
7 Dec 22
8-K
Garrett Motion Declares a Fourth Quarter 2022 Cash Dividend on Series A Preferred Stock
7 Dec 22
UPLOAD
Letter from SEC
18 Nov 22
CORRESP
Correspondence with SEC
15 Nov 22
424B3
Prospectus supplement
8 Nov 22
8-K
Other Events
8 Nov 22
424B3
Prospectus supplement
26 Oct 22
10-Q
2022 Q3
Quarterly report
26 Oct 22
Transcripts
GTX
Earnings call transcript
2022 Q3
26 Oct 22
GTX
Earnings call transcript
2022 Q2
28 Jul 22
GTX
Earnings call transcript
2022 Q1
28 Apr 22
GTX
Earnings call transcript
2021 Q4
14 Feb 22
GTX
Earnings call transcript
2021 Q3
28 Oct 21
GTX
Earnings call transcript
2021 Q2
29 Jul 21
GTX
Earnings call transcript
2020 Q2
30 Jul 20
GTX
Earnings call transcript
2020 Q1
11 May 20
GTX
Earnings call transcript
2019 Q4
27 Feb 20
GTX
Earnings call transcript
2019 Q3
8 Nov 19
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 161.00 mm | 161.00 mm | 161.00 mm | 161.00 mm | 161.00 mm | 161.00 mm |
| Cash burn (monthly) | 6.00 mm | 31.08 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 25.04 mm | 129.72 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 135.96 mm | 31.28 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 22.7 | 1.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
| 13F holders | Current |
|---|---|
| Total holders | 205 |
| Opened positions | 184 |
| Closed positions | 20 |
| Increased positions | 3 |
| Reduced positions | 11 |
| 13F shares | Current |
|---|---|
| Total value | 299.45 mm |
| Total shares | 197.55 mm |
| Total puts | 90.00 k |
| Total calls | 411.00 k |
| Total put/call ratio | 0.2 |
| Largest owners | Shares | Value |
|---|---|---|
| HON Honeywell International | 70.92 mm | $0.00 |
| Centerbridge Credit Partners Master | 51.79 mm | $0.00 |
| Sessa Capital | 23.50 mm | $0.00 |
| Cyrus Capital Partners | 10.22 mm | $57.74 mm |
| Sessa Capital IM | 6.91 mm | $39.05 mm |
| Attestor Value Master Fund | 4.24 mm | $34.54 mm |
| Oaktree Capital Management | 3.59 mm | $20.30 mm |
| Baupost | 3.58 mm | $20.20 mm |
| Centerbridge Partners | 3.39 mm | $19.15 mm |
| New South Capital Management | 2.63 mm | $14.88 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Nov 22 | Tina Pierce | Common Stock | Option exercise | Acquire M | No | No | 0 | 4,274 | 0.00 | 29,660 |
| 1 Nov 22 | Tina Pierce | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 4,274 | 0.00 | 0 |
| 26 May 22 | Tina Pierce | Common Stock | Grant | Acquire A | No | No | 0 | 25,386 | 0.00 | 29,660 |
| 26 May 22 | Julia Steyn | Common Stock | Grant | Acquire A | No | No | 0 | 19,576 | 0.00 | 34,676 |
| 26 May 22 | Robert L Shanks | Common Stock | Grant | Acquire A | No | No | 0 | 19,576 | 0.00 | 34,676 |
| 26 May 22 | Daun Norman | Common Stock | Grant | Acquire A | No | No | 0 | 19,576 | 0.00 | 34,676 |