Garrett Motion posts Q3 2026 earnings beat, raises industrial sales outlook and launches $250 M buyback
Garrett Motion reported third‑quarter 2026 net sales of $930 million, up 3 % year‑over‑year, and net income of $97 million, delivering diluted EPS of $0.51 which beat estimates. The company reaffirmed its full‑year 2026 guidance and announced a new $250 million share‑repurchase program for 2027, while also declaring a $0.08 per‑share dividend. Management highlighted strong growth in commercial‑vehicle and industrial segments and raised its 2027 industrial sales target to about $300 million.
Why it matters
The earnings beat and higher industrial sales outlook support the company’s revenue guidance of $3.8 billion for 2026, which may bolster investor confidence. The $250 million buyback and dividend increase provide additional return of capital to shareholders.
Key facts
- 1Q3 2026 net sales were $930 million, up 3 % YoY on a constant‑currency basis. tradingview.com
- 2Diluted earnings per share were $0.51, beating analyst estimates. tradingview.com
- 3Net income rose to $97 million from $77 million in Q3 2025. tradingview.com
- 4Adjusted EBIT was $152 million, with an adjusted EBIT margin of 16.3 %. tradingview.com
- 5Adjusted free cash flow reached $136 million. tradingview.com
- 6The board authorized up to $250 million in share repurchases for 2027. investing.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.