Garrett Motion Shares Rise On Increased Dividend, Boosted Outlook

Dow Jones
2025/10/23

By Nicholas G. Miller

 

Shares of Garrett Motion rose after the automotive technology company raised its full-year outlook and boosted its dividend.

The stock surged 18% to $14.77 and is up 64% so far this year.

The company's third-quarter sales rose 9% to $902 million, beating analysts' expectations of $861 million.

The company raised its full-year net income outlook to $265 million to $295 million, up from its previous forecast of $233 million to $278 million.

Garrett Motion also increased its quarterly dividend to eight cents a share, up two cents.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

October 23, 2025 10:03 ET (14:03 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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