Garrett Motion Inc. (GTX) saw its stock price soar by 5.10% in Friday's trading session following the release of its strong first-quarter 2025 financial results. The company, which specializes in turbocharger and electric boosting technologies, demonstrated resilience in a challenging automotive market environment.
The Q1 2025 earnings report revealed an adjusted EBIT of $131 million, with an impressive margin of 14.9%, up 170 basis points from the same period last year. This performance was driven by cost-saving measures implemented in 2024 and strong growth in gasoline turbo sales, which increased by 6% in the quarter. Despite a slight decrease in overall net sales, Garrett Motion outperformed the industry in light vehicle turbo sales for both gasoline and diesel applications.
Investors were also encouraged by Garrett Motion's maintained 2025 outlook and its progress in new technologies. The company secured its first series production award for high-speed E-motor and inverter technology with Hyundai, signaling growth potential in the electric vehicle market. Additionally, Garrett Motion's strong liquidity position of $760 million and its commitment to shareholder returns through stock repurchases and dividends further bolstered investor confidence, contributing to the significant stock price increase.
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