NASDAQ$GTX
Garrett Motion Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Garrett Motion reported a decline in revenue but improved profitability in Q4 2024.
Garrett Motion reported Q4 2024 revenue of $844 million, down 11% year-over-year, primarily due to lower diesel production volumes in Europe and weaker gasoline demand in China and North America. However, net income increased to $100 million, with a net income margin of 11.8%, driven by lower interest expenses and tax benefits. The company also generated strong free cash flow of $157 million and maintained solid operating performance.
- Revenue decreased by 11% year-over-year to $844 million due to weak diesel and gasoline demand.
- Net income increased to $100 million, benefiting from lower interest expenses and tax savings.
- Gross profit margin improved to 21.6% from 20.0% in Q4 2023.
- Adjusted free cash flow grew to $157 million, up from $137 million last year.
Headline financials
Revenue & EPS history
Garrett Motion · Revenue · Quarterly
$844M
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 Motion expects 2025 revenue between $3.3 billion and $3.5 billion, with a focus on expanding zero-emission technologies and commercial vehicle growth.
Tailwinds
- Continued strong demand for turbocharger technology in hybrid and commercial vehicles.
- Expansion into zero-emission technologies, including fuel cell compressors.
- Expected commercial vehicle industry growth of up to 2% in 2025.
- Cost optimizations to enhance profitability despite industry headwinds.
- Launch of a new $250 million share repurchase program for 2025.
Headwinds
- Projected light vehicle industry production decline of up to 3% in 2025.
- Headwinds from foreign exchange fluctuations and supply chain disruptions.
- Increased investments in R&D may impact short-term margins.
- Potential impact of US tariffs and trade restrictions not yet factored in.
- Uncertainty in global economic conditions could affect demand.
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 2024
+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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