Strong Adjusted EBIT Margin Growth
Garrett Motion achieved an adjusted EBIT margin of 14.9%, up 170 basis points compared to Q1 2024, reflecting significant operating improvement and cost actions.
Successful Product Launches and Innovations
Garrett secured three new wins in China and North America, expanded into new commercial vehicle programs in Europe and China, and achieved a significant milestone with the first series production award for E-Powertrain technology from Hyundai.
Cash Flow and Shareholder Returns
Garrett reported an adjusted free cash flow of $36 million and returned capital to shareholders with $30 million in share repurchases and a $12 million quarterly dividend.
Resilient Financial Position
The company ended Q1 with a liquidity position of $760 million, including $630 million of un-drawn revolving credit facilities and $130 million of unrestricted cash.