以上内容来自Benzinga Earnings专栏,原文如下:
Full Year 2025 Outlook
Garrett is providing the following outlook for the full year 2025 for certain GAAP and Non-GAAP financial measures.
Full Year 2025 Outlook | |
Net sales (GAAP) | $3.3 billion to $3.5 billion |
Net sales growth at constant currency (Non-GAAP)* | -3% to +2% |
Net income (GAAP) | $209 million to $254 million |
Adjusted EBITDA (Non-GAAP)* | $545 million to $605 million |
Adjusted EBIT (Non-GAAP)* | $427 million to $487 million |
Net cash provided by operating activities (GAAP) | $357 million to $447 million |
Adjusted free cash flow (Non-GAAP)* | $300 million to $390 million |
* See reconciliations to the nearest GAAP measures in Appendix.
Garrett's full year 2025 outlook, as of February 20, 2025, includes the following expectations:
- 2025 light vehicle industry production flat to down 3% from 2024;
- 2025 commercial vehicle industry, including both on- and off-highway, 0% to 2% from 2024;
- 2025 average light vehicle battery electric vehicle penetration of 16%;
- 2025 Euro/dollar assumption of 1.05 EUR to 1.00 USD versus 1.08 in 2024;
- RD&E investment at 4.6% of sales in 2025, with more than 50% on zero emission technologies;
- Capital expenditures at 2.8% of sales, with more than 25% on zero emission technologies.
- Outlook range does not consider potential impact of US tariffs or other related trade actions.