GTX · Garrett Motion Inc Q2 FY2026 earnings call record财报电话会记录

“So far this year, we sold over $80 million of turbos for industrial applications, and we expect further growth in the second half with a view that is now about $200 million of sales in industrial for the full year.”

“Along with this operating performance, we generated a healthy Adjusted Free Cash Flow of $122 million, and in line with our capital allocation framework, we repurchased $28 million of common stock and paid $15 million in dividends.”

“Adjusted EBIT was $152 million, which equates to an Adjusted EBIT margin of 15.6%, representing both a year-over-year and a sequential improvement from strong volume conversion and positive operating performance.”

“In the quarter, net sales increased by $63 million year-over-year or 7% on a reported basis and 5% on a constant currency basis with growth across all verticals.”

“Adjusted EBIT was $152 million in the quarter, up $28 million, and Adjusted EBIT margin was 15.6%, representing an increase of 200 basis points year-over-year, including an unfavorable foreign currency impact of 80 basis points.”

“In the second quarter, we paid $15 million of dividends and repurchased $28 million of common stock under our $250 million authorization, bringing year-to-date repurchases to $115 million.”

“At the midpoint, our updated outlook implies net sales for the year of $3.8 billion, or 4% growth at constant currency.”

“Adjusted EBIT of $580 million, representing a 15.3% margin, and Adjusted Free Cash Flow of $430 million.”

“This bridge summarizes a full-year increase of $20 million in Adjusted EBIT versus our prior midpoint outlook, driven by stronger product mix and operating performance, and partially offset by unfavorable foreign currency impacts.”

“In the meantime, we had a number of meetings and points with our customers.”

“If you think about renewable, if you think about all the weaknesses that you have on the grid in many regions, Therefore, we see that demand coming from everywhere.”

“It all depends on the capacity of our customers to sell those cars, and I don't see such practice as reducing the price in exchange of more volume short-term.”