Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

GARRETT MOTION INC.

(GTX)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

GARRETT MOTION : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)

07/29/2021 | 07:41am EDT
The following discussion and analysis of our financial condition and results of
operations, which we refer to as our "MD&A," should be read in conjunction with
our Consolidated Interim Financial Statements and related notes appearing
elsewhere in this Quarterly Report on Form 10-Q as well as the audited annual
Consolidated and Combined Financial Statements for the year ended December 31,
2020, included in our Form 10-K, as filed with the Securities and Exchange
Commission on February 16, 2021 (our "2020 Form 10-K"). Some of the information
contained in this discussion and analysis or set forth elsewhere in this
Quarterly Report on Form 10-Q, including information with respect to our plans
and strategy for our business, includes forward-looking statements that involve
risks and uncertainties. As a result of many important factors, including those
set forth in the "Risk Factors" section of our 2020 Form 10-K and this Quarterly
Report on Form 10-Q, our actual results could differ materially from the results
described in, or implied, by these forward-looking statements.

The following, Management's Discussion and Analysis of Financial Condition and
Results of Operations is intended to help you understand the results of
operations and financial condition of Garrett Motion Inc. for the three and six
months ended June 30, 2021.

Special Note Regarding Forward-Looking Statements




This Quarterly Report on Form 10-Q contains forward-looking statements. We
intend such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act. All
statements other than statements of historical fact contained in this Quarterly
Report on Form 10-Q, including without limitation statements regarding the
following, are forward-looking statements: statements regarding our future
results of operations and financial position, the consequences of the Chapter 11
Cases, other potential claims against the Debtors related to the Chapter 11
Cases, the anticipated impact of the COVID-19 pandemic and expected recovery on
our business, results of operations and financial position, expectations
regarding the growth of the turbocharger and electric vehicle markets and other
industry trends, the sufficiency of our cash and cash equivalents, anticipated
sources and uses of cash, anticipated investments in our business, our business
strategy, pending litigation, anticipated interest expense, and the plans and
objectives of management for future operations and capital expenditures are
forward-looking statements. These statements involve known and unknown risks,
uncertainties and other important factors that may cause our actual results,
performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
statements. In some cases, you can identify forward-looking statements by terms
such as "may," "will," "should," "expect," "plan," "anticipate," "could,"
"intend," "target," "project," "contemplate," "believe," "estimate," "predict,"
"potential," or "continue" or the negative of these terms or other similar
expressions. The forward-looking statements in this Quarterly Report on Form
10-Q are only predictions. We have based these forward-looking statements
largely on our current expectations and projections about future events and
financial trends that we believe may affect our business, financial condition
and results of operations. These forward-looking statements speak only as of the
date of this Quarterly Report on Form 10-Q and are subject to a number of
important factors that could cause actual results to differ materially from
those in the forward-looking statements, including:

• the consequences of our recent emergence from bankruptcy;

• the potential to experience increased levels of employee attrition as a

result of the Chapter 11 Cases;

• ability to utilize our net operating loss carryforwards in future years;

• changes in the automotive industry and economic or competitive conditions;


       •  our ability to develop new technologies and products, and the
          development of either effective alternative turbochargers or new
          replacement technologies;

• any failure to protect our intellectual property or allegations that we

have infringed the intellectual property of others; and our ability to

          license necessary intellectual property from third parties;

• potential material losses and costs as a result of any warranty claims

and product liability actions brought against us;

• any significant failure or inability to comply with the specifications

and manufacturing requirements of our original equipment manufacturer

          customers or by increases or decreases to the inventory levels
          maintained by our customers;


       •  changes in the volume of products we produce and market demand for such
          products and prices we charge and the margins we realize from our sales
          of our products;


       •  any loss of or a significant reduction in purchases by our largest
          customers, material nonpayment or nonperformance by any our key
          customers, and difficulty collecting receivables;


                                       40
--------------------------------------------------------------------------------

  • inaccuracies in estimates of volumes of awarded business;

• work stoppages, other disruptions or the need to relocate any of our

          facilities;


  • supplier dependency;

• any failure to meet our minimum delivery requirements under our supply

          agreements;


       •  any failure to increase productivity or successfully execute
          repositioning projects or manage our workforce;


  • potential material environmental liabilities and hazards;


  • natural disasters and physical impacts of climate change;

       •  pandemics, including without limitation the COVID-19 pandemic, and
          effects on our workforce and supply chain;


  • technical difficulties or failures, including cybersecurity risks;

• changes in legislation or government regulations or policies, including

          with respect to CO2 reduction targets in Europe as part of the Green
          Deal objectives or other similar changes which may contribute to a
          proportionately higher level of battery electric vehicles;


       •  risks related to international operations and our investment in foreign
          markets, including risks related to the withdrawal of the United Kingdom
          from the European Union;

• the terms of our indebtedness and our ability to access capital markets;


  • unforeseen adverse tax effects;


       •  our leveraged capital structure and liabilities to Honeywell may pose
          significant challenges to our overall strategic and financial
          flexibility and have a material adverse effect on our business,
          liquidity position and financial position;


  • inability to recruit and retain qualified personnel; and


       •  the other factors described under the caption "Risk Factors" in our
          Annual Report on Form 10-K for the year ended December 31, 2020, as
          updated in this Quarterly Report on Form 10-Q, and in our other filings
          with the SEC.


You should read this Quarterly Report on Form 10-Q and the documents that we
reference herein completely and with the understanding that our actual future
results may be materially different from what we expect. We qualify all of our
forward-looking statements by these cautionary statements. Except as required by
applicable law, we do not plan to publicly update or revise any forward-looking
statements contained herein, whether as a result of any new information, future
events, changed circumstances or otherwise.

Overview and Business Trends


Garrett designs, manufactures and sells highly engineered turbocharger and
electric-boosting technologies for light and commercial vehicle original
equipment manufacturers ("OEMs") and the global vehicle independent aftermarket
as well as automotive software solutions. These OEMs in turn ship to consumers
globally. We are a global technology leader with significant expertise in
delivering products across gasoline, diesel, natural gas and electric (hybrid
and fuel cell) powertrains. These products are key enablers for fuel economy and
emission standards compliance.

Market penetration of vehicles with a turbocharger is expected to increase from
approximately 52% in 2020 to approximately 55% by 2024, according to IHS Markit
("IHS") for Light Vehicle and other industry sources for Commercial Vehicle
on-highway and off-highway, which we believe will allow the turbocharger market
to grow at a faster rate than overall automobile production. We expect that the
powertrain mix evolution trends will remain mostly unchanged, which should
support the turbocharger industry in the short to medium term. In the first half
of 2021, a significant increase in battery electric vehicle ("BEV") sales as
been observed in Europe and in China. with BEV representing respectively 6% and
9% of vehicle sold. In China, renewed sales incentives, especially in Tier 2 and
Tier 3 cities, as well as non-financial incentives such as more generous
license-plate quotas for major metropolitan areas, bolsters Chinese BEV
penetration. In Europe, the COVID-19 stimulus packages are mostly directed to
electric vehicles, as well as fleet average CO2 targets to be achieved by OEMS
are supporting BEV penetration. It has to be noticed that short term, selling
price, charging time, charging infrastructure availability and profitability
issues for OEMs remain challenges to adoption. In the long term, the expected
revision of CO2 reduction targets by 2030 proposed by the E.U. could drive
further increase of BEV penetration in Europe beyond currently forecasted
levels. In the USA, the expected tightening of CO2 / mileage targets is expected
to drive higher turbo penetration.

                                       41

--------------------------------------------------------------------------------


In the short to medium term, we believe that turbo penetration will grow as
turbos remain one of the most cost-efficient levers to improve the fuel
efficiency of conventional Gasoline and Diesel vehicles as well as hybrid and
fuel-cell vehicles. Growth in the turbo market is expected in all regions, with
special mention for high-growth regions in Asia, where rising income levels
continue to drive long-term automotive and vehicle content demand. While these
positive factors do not isolate the turbo industry from fluctuations in global
vehicle production volumes, such factors may mitigate the negative impact of
macroeconomic cycles, or the negative impact of a shift from light vehicle
Diesel to light vehicle Gasoline engines. At the same time, the global
semiconductor shortage is creating uncertainty across multiple industries,
including the automotive industry, and will keep influencing our operating
activity until the end of the year. Automotive OEMs have reduced production
plans in the first two quarters. The Company is currently reviewing production
at OEM plants and is closely monitoring supply chain disruptions related to
semiconductor shortages in an effort to minimize the impact of the bottleneck in
supply and to mitigate any potential disruption in production.

Emergence from Chapter 11


For more detailed information regarding the emergence from Chapter 11 see Note
2, Plan of Reorganization of the Notes to the Consolidated Interim Financial
Statements.

Impact of COVID-19 Pandemic


After the extensive impact on our sales in the second half of 2020 year caused
by the COVID-19 pandemic, we have observed a fast recovery in all geographies
since mid-2020, that enabled us to ramp up production in most of our production
sites to normal levels in the third quarter of 2020 and continuing through the
second quarter of 2021, despite the resurgence of infection rates in the U.S.
and European Union. If the COVID-19 pandemic, despite vaccination campaigns,
drives new lockdown measures impacting our manufacturing facilities, our
facilities may be forced to shut down or operate at reduced capacity again.
Additional or continued facility closures or reductions in operations could
significantly reduce our production volumes and have a material adverse impact
on our business, results of operations and financial condition.

According to IHS and other industry sources, in 2020 a 16% decrease in global
light vehicle production and a 5% decline in commercial vehicle production were
observed, a larger drop than during the financial crisis in 2008 and 2009. In
2021, a partial recovery is expected with a rebound of light vehicle production
of 11% and commercial vehicles of 6%. As a result, we estimate that a
contraction of approximately 13% for the combined light and commercial vehicle
turbocharger industry volume occurred in 2020 and we expect a strong rebound in
2021, which is observed since the second half of 2020. We have prepared
contingency plans for multiple scenarios that we believe will allow us to react
swiftly to changes in customer demand while protecting Garrett's long-term
growth potential. The supplies needed for our operations were generally
available throughout 2020. In limited circumstances, certain suppliers
experienced financial distress during 2020, resulting in supply disruptions. In
line with action already started in 2020, we continue to systematically monitor
supplier risks associated with COVID-19 and other material supply shortages and
believe we have substantially addressed such risks with manageable economic
impacts including use of Premium Freight or adjusted payment terms that are
limited in time. In addition, we have implemented cost control measures and cash
management actions, including:

  • Postponing capital expenditures;


  • Optimizing working capital requirements;


  • Lowering discretionary spending;

• Flexing organizational costs by implementing short-term working schemes;


  • Reducing temporary workforce and contract service workers; and


  • Restricting external hiring.


                                       42
--------------------------------------------------------------------------------




The following charts show our percentage of revenues by geographic region and
product line for the three and six months ended June 30, 2021 and the percentage
change from the prior year comparable period.





  By Geography

[[Image Removed]]

 By Product Line

[[Image Removed]]




    •   We are a global business that generated revenues of approximately $0.9

billion and $1.9 billion for the three and six months ended June 30, 2021

respectively.

• Light vehicle products (which includes Diesel and Gas products, including

products for passenger cars, SUVs, light trucks, and other products)

accounted for approximately 67% and 69% of our revenues for the three and

six months ended June 30, 2021. Commercial vehicle products (products for

on-highway trucks and off-highway trucks, construction, agriculture and

power-generation machines) accounted for 20% and 19% of our revenues for

the three and six months ended June 30, 2021.

• Our OEM sales contributed approximately 87% and 88% of our revenues while

our aftermarket and other products contributed 11% and 10% of our revenues

for the three and six months ended June 30, 2021.

• Approximately 52% and 52% of our revenues came from sales to customers

        located in Europe, 32% and 32% from sales to customers located in Asia,
        15% and 15% from sales to customers in North America, and 1% and 1% from
        sales to customers in other international markets for the three and six
        months ended June 30, 2021.

Basis of Presentation


The Consolidated Interim Financial Statements have been prepared in accordance
with accounting principles generally accepted in the United States of America
("U.S. GAAP"). All amounts presented are in millions, except per share amounts.


                                       43
--------------------------------------------------------------------------------

Results of Operations for the three and six months ended June 30, 2021 compared with the three and six months ended June 30, 2020



Net Sales



                                         For the Three Months           For the Six Months
                                            Ended June 30,                Ended June 30,
                                         2021             2020           2021          2020
                                                       (Dollars in millions)
Net sales                             $       935$     477$    1,932$ 1,222
% change compared with prior period          96.0 %                         58.1 %




The change in net sales compared to prior year period is attributable to the
following:



                                For the Three         For the Six
                                Months Ended         Months Ended
                                June 30, 2021        June 30, 2021
Volume                                    85.9 %               51.0 %
Price                                     (3.3 %)              (3.2 %)
Foreign Currency Translation              13.4 %               10.3 %
                                          96.0 %               58.1 %

Three Months Ended June 30, 2021 compared with Three Months Ended June 30, 2020




Our net sales increased for the three months ended June 30, 2021 compared to the
prior year period by $458 million or 96.0% (including a favorable impact of
13.4% due to foreign currency translation). The increase in sales was primarily
driven by light vehicles OEM products increase of $332 million, commercial
vehicles OEM products increase of $91 million, aftermarket products net sales
increase of $32 million and other products' increase of $3 million.

Our higher net sales of light vehicles OEM products was primarily driven by
higher gasoline and diesel volumes in Europe and North America. The increase in
net sales for commercial vehicles and aftermarket product sales were primarily
driven by higher volumes in Europe and North America. The increase in
aftermarket product sales was primarily driven by higher volumes in Europe and
North America.

The production at our facilities in Europe and North America increased
significantly, compared to the three months ended June 30, 2020. We experienced
diminished production in our manufacturing facilities for that same time period
during 2020, due to the COVID-19 pandemic.

Six Months Ended June 30, 2021 compared with Six Months Ended June 30, 2020


Our net sales increased for the six months ended June 30, 2021 compared to the
prior year period by $710 million or 58.1% (including a positive impact of 10.3%
due to foreign currency translation). The increase in sales was primarily driven
by light vehicles OEM products increase of $529 million, commercial vehicles OEM
products increase of $135 million, aftermarket products increase of $41 million
and other products' increase of $5 million.



Our higher net sales of light vehicles OEM products was primarily driven by
higher diesel volumes in Europe and higher gasoline volumes in Europe and China.
The increase in net sales for commercial vehicles OEM products and aftermarket
product sales were primarily driven by higher volumes in Europe and North
America. The increase in other net sales was primarily driven by an increase in
prototype volumes.

The production at our facilities in China has increased significantly, compared
to the six months ended June 30, 2020, given that our manufacturing facility in
Wuhan, China, was shut down for six weeks in February and March 2020 and we saw
diminished production in our Shanghai, China facility for the same time period,
due to the COVID-19 pandemic.

The production at our facilities in Europe and North America has increased
significantly, compared to the six months ended June 30, 2020, given that we saw
diminished production in our manufacturing facilities for that same time period
during 2020, due to the COVID-19 pandemic.


                                       44

--------------------------------------------------------------------------------



Cost of Goods Sold



                                         For the Three Months           For the Six Months
                                            Ended June 30,                Ended June 30,
                                         2021             2020           2021          2020
                                                       (Dollars in millions)
Cost of goods sold                    $      742$      397$    1,543$ 1,004
% change compared with prior period         86.9 %                          53.7 %
Gross profit percentage                     20.6 %           16.8 %         20.1 %       17.8 %



Three Months Ended June 30, 2021 compared with Three Months Ended June 30, 2020




Costs of goods sold increased for the three months ended June 30, 2021 compared
to the prior year period by $345 million or 86.9% primarily due to an increase
in direct material and labor costs of $290 million.



Gross profit percentage increased by 3.8% primarily due to favorable impact of
productivity including higher volume leverage (10.0%) and the favorable impacts
from foreign and exchange rates (0.7%), partially offset by unfavorable impacts
from mix and price (3.3%), unfavorable impacts from inflation (1.4%),
unfavorable impact from repositioning costs (0.2%), and other factors (2.0%),
mainly driven by material scrap and prior year period cost savings actions to
mitigate Covid-19 impact.

Six Months Ended June 30, 2021 compared with Six Months Ended June 30, 2020




Costs of goods sold increased in the six months ended June 30, 2021 compared to
the prior year period by $539 million or 53.7% primarily due to an increase in
direct material and labor costs of $451 million.



Gross profit percentage increased by 2.3% primarily due to favorable impact of
productivity including higher volume leverage (7.4%) and the favorable impacts
from foreign and exchange rates (0.6%), partially offset by unfavorable impacts
from mix and price (3.1%), unfavorable impacts from inflation (0.9%),
unfavorable impact from repositioning costs (0.3%), and other factors (1.4%),
mainly driven by Brazil environmental expenses and prior year period cost
savings actions to mitigate Covid-19 impact.



Selling, General and Administrative Expenses



                                                 For the Three Months             For the Six Months
                                                    Ended June 30,                  Ended June 30,
                                                 2021             2020           2021             2020
                                                                 (Dollars in millions)
Selling, general and administrative expense   $       51$       47$      106$      104
% of sales                                           5.5 %            9.9 %          5.5 %            8.5 %



Three Months Ended June 30, 2021 compared with Three Months Ended June 30, 2020




Selling, general and administrative expenses increased for the three months
ended June 30, 2021 compared to the prior year period by $4 million, mainly
driven by foreign exchange rate. The cost savings actions implemented in the
three months ended June 30, 2020 to mitigate the impact of COVID-19 were offset
by the strategic planning costs incurred during the same year period. During
current year period, the accrual for employee incentives increased, reflecting
expected payout in 2021, and was partially offset by lower spend and timing from
external services and bad debt recovery. As a percentage of net sales, SG&A for
the three months ended June 30, 2021 was 5.5% versus 9.9% in the prior year
period.

Six Months Ended June 30, 2021 compared with Six Months Ended June 30, 2020




Selling, general and administrative expenses increased for the six months ended
June 30, 2021 compared to the prior year period by $2 million, mainly driven by
foreign exchange rate. The cost savings actions implemented in the six months
ended June 30, 2020 to mitigate the impact of COVID-19, were offset by the
strategic planning costs incurred in the same year period. During current year
period, the accrual for employee incentives increased, reflecting expected
payout in 2021 and was partially offset by lower spend and timing from external
services and bad debt recovery. As a percentage of net sales, SG&A for the six
months ended June 30, 2021 was 5.5% versus 8.5% in the prior year period.



                                       45

--------------------------------------------------------------------------------



Other Expense, Net



                       For the Three Months           For the Six Months
                          Ended June 30,                Ended June 30,
                          2021           2020        2021            2020
                                      (Dollars in millions)
Other expense, net   $             -     $  15$       1$      31
% of sales              %          -       3.1 %         0.1 %           2.5 %



Three Months Ended June 30, 2021 compared with Three Months Ended June 30, 2020




Other expense, net decreased for the three months ended June 30, 2021 compared
to the prior year period by $15 million. The decrease was attributable to the
cancellation of the liability related to the Honeywell Indemnity Agreement and
associated litigation, following emergence from Chapter 11.

Six Months Ended June 30, 2021 compared with Six Months Ended June 30, 2020


Other expense, net decreased for the six months ended June 30, 2021 compared to
the prior year period by $30 million. The decrease was attributable to the
cancellation of the liability related to the Honeywell Indemnity Agreement and
associated litigation, following emergence from Chapter 11.

Interest Expense



                      For the Three Months            For the Six Months
                         Ended June 30,                 Ended June 30,
                     2021              2020          2021             2020
                                    (Dollars in millions)
Interest expense   $      24$      20$      45$   36

Three Months Ended June 30, 2021 compared with Three Months Ended June 30, 2020




Interest expense increased in the three months ended June 30, 2021 compared to
the prior year period by $4 million, primarily due to $7 million related to the
Series B Preferred Stock, partially offset by prior year period fees related to
amendments to our previous credit facilities.



Six Months Ended June 30, 2021 compared with Six Months Ended June 30, 2020




Interest expense increased in the six months ended June 30, 2021 compared to the
prior year period by $9 million, mainly due to $7 million related to the Series
B Preferred Stock and the addition of supplementary financing under our Senior
Secured Super-Priority Debtor-in-Possession Credit Agreement (as amended,
restated, supplemented or otherwise modified from time to time, the "DIP Credit
Agreement"), partially offset by prior year period fees related to amendments to
our previous credit facilities.



Non-operating (income) expense



                                    For the Three Months            For the Six Months
                                       Ended June 30,                 Ended June 30,
                                    2021              2020       2021              2020
                                                   (Dollars in millions)

Non-operating (income) expense $ (26 )$ (4 ) $ -

    $       (8 )

Three Months Ended June 30, 2021 compared with Three Months Ended June 30, 2020




Non-operating (income) expense for the three months ended June 30, 2021
increased to an income of $26 million from income of $4 million in the prior
year period, primarily due to foreign exchange rates fluctuations related to the
debt, which were unhedged due to the restrictions placed on the company in
Chapter 11 Cases.

                                       46

--------------------------------------------------------------------------------

Six Months Ended June 30, 2021 compared with Six Months Ended June 30, 2020




Non-operating (income) expense for the six months ended June 30, 2021 decreased
$8 million from income of $8 million in the prior year period, primarily due to
foreign exchange rates fluctuations related to the debt, which were unhedged due
to the restrictions placed on the company in Chapter 11 Cases.

Reorganization items, net



                               For the Three Months           For the Six Months
                                  Ended June 30,                Ended June 30,
                                2021              2020         2021           2020
                                             (Dollars in millions)

Reorganization items, net $ (295 ) $ - $ (121 )

  $   -



Three Months Ended June 30, 2021 compared with Three Months Ended June 30, 2020




Reorganization items, net for the three months ended June 30, 2021 were $295
million gain, representing $502 million gain on settlement of Honeywell claims,
partially offset by $96 million professional service fees related to the Chapter
11 Cases, $39 million in Directors and Officers insurance related to Chapter 11
Cases, $25 million write off on debt issuance costs of the old term loan debt,
$13 million in employee stock awards cancellation and $34 million in other costs
mainly related to unsecured notes settlement. There were no Reorganization
items, net for the three months ended June 30, 2020, since these are new items
related to the Chapter 11 Cases.



Six Months Ended June 30, 2021 compared with Six Months Ended June 30, 2020




Reorganization items, net for the six months ended June 30, 2021 were $121
million gain, representing $502 million gain on settlement of Honeywell claims,
partially offset by $181 million professional service fees related to the
Chapter 11 Cases, $79 million related to termination of and expense
reimbursement under the Stalking Horse Purchase Agreement, $39 million Directors
and Officers insurance related to Chapter 11 Cases, $25 million write off on
debt issuance costs of the old term loan debt, $13 million in employee stock
awards cancellation and $44 million in other costs mainly related to unsecured
notes settlement. There were no Reorganization items, net for the six months
ended June 30, 2020, since these are new items related to the Chapter 11 Cases.

Tax Expense



                       For the Three Months          For the Six Months
                          Ended June 30,               Ended June 30,
                       2021            2020          2021           2020
                                     (Dollars in millions)
Tax expense          $      30$      11$      54$    12
Effective tax rate         6.8 %           550 %        15.1 %        21.8 %



See Note 7, Income Taxes of the Notes to the Consolidated Interim Financial Statements for a discussion of the change in effective tax rates for the three and six months ended June 30, 2021 versus the prior year periods.

© Edgar Online, source Glimpses

All news about GARRETT MOTION INC.
10/25GARETT MOTION : Q3 Financial Release Tables
AQ
10/14GARRETT MOTION : to Hold Third Quarter 2021 Conference Call on Thursday, October 28
GL
10/06GARRETT MOTION : And Joanne Lau of Avenue Winston Churchill 123/8, 1180 Brussels, Belgium ..
PU
10/06GARRETT MOTION INC. : Change in Directors or Principal Officers, Financial Statements and ..
AQ
10/06Garrett Motion Inc. Announces Executive Changes
CI
10/01GARRETT MOTION : Wins 2021 Automotive News PACE Award for Industry-First Electric Turbo
AQ
10/01GARRETT MOTION : Reducing leverage by repayment of $213 million Series B; Improving flexib..
PU
10/01GARRETT MOTION INC. : Material Modification to Rights of Security Holders, Change in Direc..
AQ
10/01Garrett Motion Inc. Announces Board Changes
CI
09/30GARRETT MOTION : Amends Terms of Series B Preferred Stock
AQ
More news
Analyst Recommendations on GARRETT MOTION INC.
More recommendations