GTX news

Garrett Motion reported a 3% increase in Q3 sales to $930 million and affirmed 2026 guidance. The company also authorized a $250 million share repurchase program and declared a $0.08 dividend.

Garrett Motion announced Steven Tesoriere resigned from its Board of Directors, serving previously on the Finance and Nominating Committees. The resignation does not appear to alter corporate governance or operational strategy.

Garrett Motion Inc. executed Amendment No. 2 to its credit agreement on May 18, 2026, decreasing applicable interest rates on existing term loans and revolving credit facilities. The refinancing reduces borrowing costs and extends repricing restrictions, improving the company's debt servicing econom…