Garrett Motion Full Year 2024 Earnings: EPS Beats Expectations

Garrett Motion (NASDAQ:GTX) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.48b (down 11% from FY 2023).
• Net income: US$282.0m (up from US$51.0m loss in FY 2023).
• Profit margin: 8.1% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
• EPS: US$1.27 (up from US$0.31 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Garrett Motion EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are up 7.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Garrett Motion that we have uncovered.

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