NASDAQ$GTX

Garrett Motion Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Garrett Motion's Q4 2019 financial results reflected continued outperformance over global auto production and a focus on strengthening the company's balance sheet.

Garrett Motion Inc. reported a 3.9% increase in net sales to $830 million for Q4 2019. Net income was $136 million, or $1.79 per diluted share. Adjusted EBITDA decreased slightly to $137 million, with a margin of 16.5%. The company reduced net debt and focused on rebalancing its portfolio.

  • Net sales increased by 3.9% to $830 million, or 6.2% at constant currency.
  • Net income totaled $136 million, or $1.79 per diluted share.
  • Adjusted EBITDA decreased 1.4% to $137 million, with an Adjusted EBITDA margin of 16.5%.
  • Net debt to consolidated EBITDA ratio lowered to 2.74x at December 31, 2019.

Headline financials

Total Revenue

$830M

Previous: $799M+3.9%
EPS (adj)

$0.82

Previous: $0.57+43.9%
Gross Profit Margin

19.4%

Previous: 21.5%-9.8%
Net Income Margin

16.5%

Previous: 17.4%-5.2%
Adjusted EBITDA

$137M

Previous: $139M-1.4%
Interest Expense

$16M

No prior period
Capital Expenditures

$28M

Previous: $29M-3.4%
Free Cash Flow

$89M

Previous: $104M-14.4%
Net Income

$136M

Previous: $43M+216.3%
Operating Income

$90M

No prior period
Gross Profit

$161M

Previous: $172M-6.4%
Cash & Equivalents

$187M

Previous: $196M-4.6%
Total Assets

$2.28B

Previous: $2.12B+7.1%
Stock-Based Comp

$4M

Previous: $5M-20.0%

Revenue & EPS history

Garrett Motion · Revenue · Quarterly

$830M

Q4 2019+3.9%vs Q4 2018
Beat estimate in 5 of 9 quarters(56%)
ActualEstimate

Revenue by segment

Garrett Motion · $839M total across 3 segments · Q2 2021

  • Gasoline
    $442M
  • Diesel
    $321M
  • Aftermarket
    $76M

Forward guidance

Garrett provided its initial outlook for the full year 2020, reflecting the expected effects of the novel coronavirus and the rebalancing of light vehicle products. Global light vehicle and commercial vehicle production are expected to decline.

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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