Garrett Motion Shares Rise After Q3 Earnings, Net Sales Climb

10:40 AM EDT, 10/29/2026 (MT Newswires) -- Garrett Motion (GTX) shares rose 5.2% in Thursday trading after the company reported higher Q3 results. In the three months ended Sept. 30, earnings rose to $0.51 per diluted share from $0.38 a year earlier. Analysts polled by FactSet expected $0.45. Net sales rose to $930 million from $902 million a year earlier. Analysts projected $935.2 million. The company expects 2026 net sales at $3.75 billion to $3.85 billion, compared with the prior forecast of $3.7 billion to $3.9 billion. Analysts project $3.82 billion. The company approved a new share repurchase program of up to $250 million for 2027 and maintained its dividend of $0.08 per share, payable Dec. 15 to holders of record Dec. 1. Garrett also disclosed a $50 million voluntary early repayment of its term loan in October. Price: 23.50, Change: +1.17, Percent Change: +5.24