Shares of Garrett Motion Inc. (GTX) surged 11.83% 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 boost to its quarterly dividend.
The automotive technology provider reported Q3 net sales of $902 million, representing a 9% increase compared to the same period last year and beating analyst expectations of $865.333 million. Earnings per share came in at $0.38, significantly surpassing the analyst consensus estimate of $0.26. The company's performance was driven by higher demand for gasoline and diesel products, as well as productivity improvements.
In light of its strong 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 executed a $50 million voluntary early debt repayment on its Term Loan, demonstrating its commitment to strengthening its financial position.