Quarterly ResultJul 29, 2026, 07:12 AM
Garrett Motion Q2 Net Sales $976M, Net Income $101M
AI Summary
Garrett Motion Inc. reported strong financial results for the second quarter and first half of 2026. Net sales for Q2 increased by 6.9% to $976 million, with net income rising 16.1% to $101 million, and basic EPS up 25.6% to $0.54. Year-to-date, net sales grew 9.5% to $1,961 million, and net income surged 31.5% to $196 million. The company also repurchased $115 million of common stock under its $250 million program and paid quarterly dividends of $0.08 per share.
Key Highlights
- Q2 2026 net sales increased 6.9% to $976 million from $913 million in Q2 2025.
- Q2 2026 net income rose 16.1% to $101 million, up from $87 million in Q2 2025.
- Basic EPS for Q2 2026 was $0.54, a 25.6% increase from $0.43 in Q2 2025.
- Year-to-date net sales reached $1,961 million, a 9.5% increase from $1,791 million.
- Net cash provided by operating activities was $243 million for YTD 2026, up from $214 million.
- Repurchased $115 million of common stock under a $250 million share repurchase program.
- Declared quarterly dividends of $0.08 per share for Q1 and Q2 2026.
- Reduced long-term debt principal outstanding to $1,386 million from $1,439 million.
Price Impact
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