GTX Earnings Prediction
The chart below shows how GTX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GTX sees a +1.51% change in stock price 10 days leading up to the earnings, and a +2.18% change 10 days following the report. On the earnings day itself, the stock moves by -0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
GTX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
826.00M
-13.96%
-7.19%
Gross Margin
25.30%
12.95%
-0.35%
Operating Margin
13.56%
12.25%
-0.29%
Net Margin
6.30%
6.06%
-12.38%
EPS
0.24
4.35%
-14.29%
No Data Available
GTX Earnings Analysis
Garrett Motion Inc. Common Stock Corporation (GTX.O) Earnings Conference Call
Positive
Strong EBITDA Margin Growth: We delivered a strong adjusted EBITDA margin of 17.4%, up 160 basis points over last year despite difficult industry conditions.
Strong New Business Win Rate: We continue to enjoy a strong new business win rate in a consolidating industry, which helps to ensure that our share of demand will continue to progress.
Adjusted Free Cash Flow: Our strong operational performance also allowed us to generate $71 million of adjusted free cash flow.
Stock Buyback Program: We continue to buy back stock under our share repurchase program, repurchasing $52 million of common stock in the quarter, bringing our total repurchases for the year to $226 million.
Strong Liquidity Position: We ended the quarter with a strong liquidity position of $696 million comprised of $600 million of undrawn capacity under our revolving credit facility and $96 million of unrestricted cash.
Negative
Sales Decline Analysis: Net sales decreased by 11% to $3.45 billion compared to the previous year, indicating a significant decline in revenue.
Adjusted EBITDA Decline: Adjusted EBITDA decreased by $8 million year-over-year, resulting in an adjusted EBITDA margin of 17.2%, which reflects a decrease in profitability.
Net Income Decline: Net income reported was $248 million, which is a decline from previous periods, highlighting a drop in overall profitability.
Negative Working Capital Impact: Working capital impact was negative, amounting to $28 million primarily due to decreased sequential sales, indicating liquidity challenges.
Commodity Deflation Impact: The company experienced commodity deflation, which negatively affected margins, particularly in the gasoline segment, suggesting ongoing pricing pressures.
GTX FAQs
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GTX Earning Call Sentiment
Garrett Motion Inc. (GTX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GTX.O
1.33%Positive
The earnings call summary reflects mixed signals. Basic Financial Performance shows strong EBITDA margin but declining sales. Product Development has positive trends in zero emissions and commercial wins, but market strategy faces competitive and supply chain challenges. Expenses and Financial Health are stable with good liquidity, yet working capital impact is concerning. Shareholder Return Plan is positive with significant share repurchases. Q&A highlights industry softness and unclear guidance. Despite some positives like strong margins and share repurchases, overall uncertainty and market challenges lead to a neutral sentiment, predicting a stock price movement between -2% to 2%.
