Shares of Garrett Motion Inc. (GTX) surged 22.46% in pre-market trading on Thursday following the company's announcement of impressive third-quarter 2025 financial results, an increased full-year outlook, and a significant boost to its quarterly dividend.

The automotive technology provider reported Q3 earnings per share of $0.38, significantly surpassing the analyst consensus estimate of $0.26 and representing a 58.33% increase from the same period last year. Net sales for the quarter came in at $902 million, beating expectations of $865.333 million and marking a 9.20% year-over-year increase. The company's strong performance was driven by higher demand for gasoline and diesel products, as well as productivity improvements.

In light of its robust year-to-date performance and favorable industry conditions, Garrett Motion raised its full-year 2025 outlook. The company now projects net sales between $3.5 billion and $3.6 billion, up from its previous forecast. Additionally, Garrett announced a 33% increase in its quarterly dividend to $0.08 per share, further boosting investor confidence. The company also demonstrated its commitment to strengthening its financial position by executing a $50 million voluntary early debt repayment on its Term Loan and repurchasing $84 million of its common stock during the quarter.