Garrett Motion Inc. (GTX) SEC Filings & Earnings Calls

Commodity, transportation, and energy inflation partially offset by productivity.

“$8 million of commodity, transportation and energy inflation.” · word for word

Import tariff exposure

“The increase was primarily related to higher demand across all verticals, favorable price net of inflation pass-through, and foreign currency impacts, partially offset by lower customer recoveries on import tariffs.” · word for word

Commodity and energy inflation

“These increases were partially offset by $8 million of commodity, transportation, and energy inflation.” · word for word

Activist exit / reduced ownership

“As a result of the Sale, as of May 21, 2026, the Reporting Persons ceased to be beneficial owners of more than five percent of the Common Stock of the Issuer.” · word for word

Activist exit / reduced ownership

“As a result of the Sale, as of May 21, 2026, the Reporting Persons ceased to be beneficial owners of more than five percent of the Common Stock of the Issuer.” · word for word

Import tariff costs and labor inflation pressure margins

“$6 million from import tariffs, $21 million lower productivity net of labor deflation and repositioning costs”

Light vehicle industry production expected down 1-3% in 2026

“2026 light vehicle industry production down 1% to 3% from 2025” · word for word

Pricing net of inflation pass-through pressure

“Adjusted EBIT was partially offset by $11 million of pricing net of inflation pass-through.”

Productivity and labor inflation risk

“Adjusted EBIT was partially offset by $14 million of lower productivity.”

Import tariff exposure

“Cost of goods sold increased by $6 million from import tariffs.”

Automotive Industry Evolution Risk

“These factors include, among other things, risks related to the evolving automotive industry generally; our strategy and growth prospects; macroeconomic and geopolitical uncertainty; recruitment, development, and retention of qualified personnel; our supply chain; economic, political, regulatory, foreign exchange and other risks of our international operatio” · word for word

Tariff exposure

“Cost of goods sold further increased from $41 million of import tariffs” · word for word

BEV adoption risk

“turbocharger production is expected to decrease from 2026 onward based on current expectations of electric vehicle penetration.”

Trade policy uncertainty

“due to our meaningful operations in China and Mexico, the impact may be significant.” · word for word

Weaker gasoline demand partially offsetting commercial vehicle/diesel strength; potential headwind if gasoline demand continues to decline.

“partially offset by weaker gasoline demand” · word for word

Gross margin declined 80 bps YoY in Q4 due to price pass-through and unfavorable product mix; margin pressure may persist.

“Gross profit margin for the fourth quarter of 2025 of 20.8% as compared to 21.6% in the fourth quarter of 2024... driven by $15 million of price (net of inflation) pass-through, $10 million from unfavorable product mix” · word for word

Import tariff costs of $10 million in Q4; ongoing tariff exposure could impact margins.

“Net sales also include $10 million of recoveries on import tariffs... $10 million of import tariffs” · word for word

Higher bad debt expense of $4 million in Q4; potential credit quality deterioration.

“$4 million of higher bad debt expense” · word for word