Garrett Motion Inc is a global technology company that specializes in advanced automotive solutions, primarily focusing on turbocharging and electrification technologies
The company designs and manufactures high-performance turbochargers and other related products that enhance the efficiency and power output of internal combustion engines while also supporting the transition to electric and hybrid vehicles. By leveraging its expertise in fluid dynamics and thermal management, Garrett Motion is committed to helping automakers meet increasingly stringent emissions regulations and improve fuel economy, ultimately contributing to a more sustainable automotive future.
Garrett Motion Inc. (NASDAQGTX) reported a 11% decline in Q4 sales to $844 million, missing consensus. Gross profit increased and new buyback and dividend plans were announced. CEO remains optimistic about zero-emission technologies and customer wins.
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GTX stock down after weak Q3 sales and lowered FY24 guidance due to industry softness and competitive pressures. Gross profit margin increased, but EPS missed estimates.
Rod Alzmann, founder of GMEdd.com, was a big supporter of GameStop when seemingly no one else was interested. Now that the stock is running wild, he's looking to put money to work elsewhere.
