0001735707-26-000009
SEC filingGarrett Motion Inc. reported strong financial results for fiscal year 2025, ending December 31, 2025. The company generated $3.58 billion in net sales, resulting in a gross profit of $731.0 million. Net income for the year was $310.0 million, with earnings per share of $2.00 for both basic and diluted calculations. The company demonstrated robust cash generation with $413.0 million in net cash provided by operating activities. However, the balance sheet shows a total deficit of $802.0 million, primarily driven by a retained deficit of $1.38 billion and treasury stock of $520.0 million. The company maintained significant liquidity with $177.0 million in cash and cash equivalents, though total liabilities stood at $3.17 billion against total assets of $2.37 billion. The company's financial performance reflects solid operational execution despite the structural deficit position.
Garrett Motion Inc. delivered solid financial performance for fiscal year 2025, with net sales of $3.58 billion and net income of $310.0 million. The company achieved earnings per share of $2.00 for both basic and diluted calculations, based on weighted average common shares outstanding of 199.8 million (basic) and 203.6 million (diluted). Income before taxes was $392.0 million, with tax expense of $82.0 million. The company's gross profit of $731.0 million represented a gross margin of 20.4%. Operating performance was supported by selling, general and administrative expenses of $240.0 million and interest expense of $108.0 million. The company generated $19.0 million in non-operating income and recorded a $10.0 million net other expense.
The company reported net sales of $3.58 billion for fiscal year 2025. No segment breakdown or geographic mix information was provided in the available data. The cost of goods sold was $2.85 billion, resulting in gross profit of $731.0 million. The document does not disclose specific revenue drivers, growth rates by product line, or customer concentration information. The absence of segment data limits detailed analysis of revenue composition and growth drivers across different business units or geographic regions.
The company achieved a gross margin of 20.4% for fiscal year 2025, calculated from gross profit of $731.0 million on net sales of $3.58 billion. Operating income is not explicitly stated in the provided data, as the income statement shows income before taxes of $392.0 million after accounting for interest expense of $108.0 million and other non-operating items. The company's cost structure included $240.0 million in selling, general and administrative expenses, representing 6.7% of net sales. Profitability was supported by effective tax management, with tax expense of $82.0 million on income before taxes of $392.0 million, resulting in an effective tax rate of approximately 20.9%.
The company generated strong operating cash flow of $413.0 million, exceeding net income of $310.0 million. Key adjustments included depreciation of $99.0 million, deferred income taxes of $9.0 million, and foreign exchange loss of $66.0 million. Investing activities used $41.0 million, primarily for property, plant and equipment expenditures of $72.0 million. Financing activities used $326.0 million, including $208.0 million for Common Stock repurchases, $139.0 million for long-term debt payments, and $52.0 million for dividends. The balance sheet shows total assets of $2.37 billion, including current assets of $1.32 billion with $703.0 million in receivables and $339.0 million in inventories. Total liabilities of $3.17 billion include $1.41 billion in long-term debt and $1.06 billion in accounts payable, resulting in a total deficit of $802.0 million.
The provided data does not include management guidance, strategic priorities, or specific risk factors for future periods. The filing shows the company maintained active capital management with significant stock repurchases ($208.0 million) and dividend payments ($52.0 million) during the year. The company's liquidity position appears adequate with $177.0 million in cash and cash equivalents, though the structural deficit and high leverage position may present ongoing financial challenges. No forward-looking statements or projections are included in the extracted financial data.