NASDAQ$GTX
Garrett Motion Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Garrett Motion's financial performance declined due to the impact of the COVID-19 pandemic, but cost control measures and operational flexibility helped mitigate some of the negative effects.
Garrett Motion reported a decrease in net sales by 40.5% to $477 million, with a net loss of $9 million, or ($0.12) per share. Adjusted EBITDA decreased to $63 million, representing a 13.2% margin. The company faced challenges due to COVID-19, including manufacturing shutdowns and reduced demand, but implemented cost controls and adapted its operations.
- Net sales decreased by 40.5% to $477 million, or 39.2% at constant currency.
- Net loss totaled $9 million, or ($0.12) per basic and diluted share.
- Adjusted EBITDA decreased to $63 million, with an Adjusted EBITDA margin of 13.2%.
- Adjusted free cash flow totaled ($174) million.
Headline financials
Revenue & EPS history
Garrett Motion · Revenue · Quarterly
$477M
Revenue by segment
Garrett Motion · $839M total across 3 segments · Q2 2021
- Gasoline$442M—52.7%
- Diesel$321M—38.3%
- Aftermarket$76M—9.1%
Forward guidance
Garrett anticipates a challenging demand environment extending into 2021, which could further challenge our capital structure and limit our ability to expand on our strategy now and in the future.
Headwinds
- Lower production levels
- Plant shutdowns
- Challenging demand environment extending into 2021
- Capital structure challenges
- Limited ability to expand strategy
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.5%
Avg return
Earnings day
+0.7%
Avg return
5 days after
-3.0%
Avg return
30 days after
41%
15 / 37 earnings
Positive
+24.9%
Q1 2026
Best reaction
-17.1%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +24.9% | +27.6% | +59.8% | |
| Q4 2025 | -6.5% | -1.6% | -17.6% | |
| Q3 2025 | +19.3% | +39.3% | +28.5% | |
| Q2 2025 | +1.4% | +2.7% | +3.1% | |
| Q1 2025 | +10.6% | +22.1% | +15.0% | |
| Q4 2024 | +5.2% | +6.3% | -3.6% | |
| Q3 2024 | -6.8% | -3.3% | +4.1% | |
| Q2 2024 | -3.9% | -2.4% | -8.6% | |
| Q1 2024 | -0.2% | -2.9% | -8.5% | |
| Q4 2023 | +13.6% | +11.5% | +13.5% | |
| Q3 2023 | -0.4% | -1.0% | +4.0% | |
| Q2 2023 | +8.1% | +6.0% | +7.4% | |
| Q1 2023 | -0.2% | +1.0% | -0.4% | |
| Q4 2022 | -1.4% | -0.9% | -16.2% | |
| Q3 2022 | +14.6% | +13.7% | +21.9% | |
| Q2 2022 | +0.3% | +2.4% | +10.5% | |
| Q1 2022 | +1.7% | +4.0% | -9.1% | |
| Q4 2021 | -0.4% | -2.2% | -1.3% | |
| Q3 2021 | +0.3% | +7.0% | +11.3% | |
| Q2 2021 | -9.1% | +1.4% | -2.0% | |
| Q1 2021 | +9.3% | +19.0% | +71.2% | |
| Q4 2020 | +4.1% | +1.4% | -21.2% | |
| Q3 2020 | +10.7% | +12.5% | +25.9% | |
| Q2 2020 | -17.1% | -19.2% | -53.5% | |
| Q1 2020 | -16.2% | -23.0% | -1.8% | |
| Q4 2019 | -3.5% | -5.1% | -53.8% | |
| Q3 2019 | +1.5% | -3.3% | +10.9% | |
| Q2 2019 | -4.9% | -13.2% | -34.0% | |
| Q2 2018 | -4.9% | -13.2% | -34.0% | |
| Q1 2018 | -4.2% | -5.5% | -17.5% | |
| Q1 2019 | -0.8% | -1.0% | -14.5% | |
| Q2 2017 | -3.4% | -8.4% | -12.0% | |
| Q1 2017 | -3.4% | -8.4% | -12.0% | |
| Q4 2018 | -2.8% | +0.3% | -9.8% | |
| Q3 2017 | -5.5% | -12.2% | -21.9% | |
| Q3 2018 | -5.5% | -12.2% | -21.9% | |
| Q4 2017 | -5.5% | -12.2% | -21.9% |
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