Garrett Motion Q1 Sales Rise 12%, Price Target Raised to $32
GTX•Garrett Motion reported Q1 net income of $95 million or $0.49 per share, beating estimates by $0.06 and delivering net sales of $985 million, up 12% year-over-year. BWS Financial lifted its price target to $32 from $22 and highlighted wins in E-Powertrain and E-Cooling programs.
1. Strong Q1 Financial Performance
Garrett Motion posted first-quarter net income of $95 million, or $0.49 per share, surpassing consensus by $0.06. Net sales reached $985 million, up 12% year-over-year, and adjusted EBIT totaled $151 million, reflecting robust operational profitability.
2. Analyst Price Target Increase
Following the quarterly beat, BWS Financial raised its price target to $32 from $22 while maintaining a Buy rating. The company’s share price climbed to $25.20 on the update, reflecting heightened investor confidence.
3. Electrification Growth and New Programs
Garrett secured new production awards in its E-Powertrain and E-Cooling divisions, including light-vehicle turbocharger programs for range-extended electric vehicles. These wins advance its position in the EV powertrain market and support future revenue diversification.
