Garrett Motion Reports First Quarter 2026 Financial Results, Raises 2026 Outlook

First Quarter 2026 Financial Highlights Net sales totaled $985 million, up 12% on a reported basis and 6% on a constant currency* basis vs prior year, driven by share of demand gains in passenger vehicles and strong performance in commercial vehicle off-highway and industrial Net income totaled $95 million; Net income margin of 9.6% Adjusted EBIT* totaled $151 million; Adjusted EBIT margin* of 15.3% Net cash provided by operating activities totaled $98 million Adjusted free cash flow* totaled $49 million Raising 2026 full-year outlook First Quarter 2026 Business Highlights Secured several new light vehicle turbo programs, including an additional award for range extended electric vehicles Won a significant volume extension for light commercial vehicle diesel application with a European OEM Multiple commercial vehicle and industrial awards including power generation applications Continued to win in E-Powertrain; second commercial vehicle production award Growing industrial engagement for E-Cooling, including a production award for battery energy storage system PLYMOUTH, Mich. and ROLLE, Switzerland, April 30, 2026 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading automotive and industrial technology provider, today announced its financial results for the three months ended March 31, 2026.