Garrett Motion makes turbochargers and electric-boosting systems that squeeze more power out of car engines, selling to automakers and the replacement-parts market. Think of it as the lungs' performance enhancer for gasoline and diesel vehicles.
Money comes from selling turbochargers to automakers and aftermarket distributors, with annual revenue around USD 3.5B and gross margins near 25%. It's a recurring, volume-driven business tied to vehicle production cycles.
Competitors like BorgWarner and Honeywell face high engineering barriers in turbo design, but the shift to electric vehicles weakens demand for traditional turbos. Moat is eroding as automakers pivot away from combustion engines.
Key events, in time order
Q2 EPS $0.53 beats estimates, sales $976M up 5% YoY, raises 2026 outlook
Former Achates Power CEO brings 40+ years of industry experience to board
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Howard Marks' Oaktree Capital updated its portfolio, revealing a significant stake in Garrett Motion ($GTX). The update highlights a new institutional holding as the core narrative.
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