Garrett Motion Q3 sales rise on commercial vehicle demand
GTX•Garrett Motion’s third-quarter sales rose 3% year over year to $930 million, slightly below the $937 million consensus, while adjusted EBITDA of $183 million beat expectations of $172.2 million. The company reaffirmed its 2026 sales outlook of $3.75 billion to $3.85 billion and approved a new $250 million share repurchase program for 2027.
1. Quarterly results
Garrett Motion said third-quarter sales growth was driven by strong performance in its commercial vehicle and industrial segments. Net income was $97 million, adjusted EBITDA was $183 million, and the adjusted EBITDA margin was 19.7%.
2. Outlook and demand
The company reaffirmed its 2026 net sales outlook of $3.75 billion to $3.85 billion and expects net income of $337 million to $352 million. It expects 2026 light vehicle production to decline 2% to 4% from 2025. Garrett attributed higher diesel sales to demand for light commercial vehicles and pickup trucks in Europe, the Americas and India, and said replacement-parts demand in North America and Europe supported aftermarket sales.
