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BRIEF-Garrett Motion Reports Second Quarter 2022 Financial Results

BRIEF-Garrett Motion Reports Second Quarter 2022 Financial Results

Reuters · 07/28/2022 07:42
BRIEF-Garrett Motion Reports Second Quarter 2022 Financial Results

Garrett Motion Inc GTX:

  • GARRETT MOTION REPORTS SECOND QUARTER 2022 FINANCIAL RESULTS

  • Q2 SALES FELL 8 PERCENT TO $859 MILLION

  • UPDATED FULL YEAR 2022 OUTLOOK FOR HIGHER PRODUCTION OFFSET BY WEAKER EURO

  • QTRLY EARNINGS PER SHARE $0.15

  • SEES 2022 NET SALES GROWTH AT CONSTANT CURRENCY (NON-GAAP) OF 5% TO 10%

  • SEES2022 NET INCOME (GAAP) OF $290 MILLION TO $335 MILLION

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