Garrett Motion Inc. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Garrett Motion reported Q3 2026 net sales of $930M (+3% constant currency vs. Q3 2025), net income of $97M (10.4% margin), and adjusted EBIT of $152M (16.3% margin). The Board approved a $250 million share repurchase program for 2027 and declared a $0.08/share dividend (payable Dec 15, 2026). The company also made a $50M voluntary early debt repayment in October. Full-year 2026 mid-point outlook reaffirmed despite FX headwinds.
Why this rating
Strong Q3 execution with margin expansion and cash generation supports guidance. $250M buyback is ~21% of market cap, meaningful but not transformational. Debt reduction positive but routine capital allocation. No major M&A or business model shift.
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