Garrett Motion Reports 9% Revenue Growth to $902 Million in Q3 2025

Garrett Motion Inc. reported a notable increase in financial performance for the third quarter of 2025, with net sales reaching $902 million, a 9% increase from $826 million in the same period of 2024. For the nine months ending September 30, 2025, the company recorded net sales of $2.693 billion, up from $2.631 billion in the prior year, reflecting a 2.4% growth. The increase in revenue was attributed to higher demand for gasoline and diesel products, driven by new program launches in key markets including Europe, China, and North America, as well as favorable foreign currency impacts.

The company's gross profit for the third quarter rose to $186 million, compared to $166 million in the previous year, while gross profit for the nine-month period increased to $546 million from $523 million. The gross profit margin improved slightly to 20.6% for the third quarter, up from 20.1% in 2024. This improvement was supported by higher sales volumes and productivity gains, although it was partially offset by unfavorable product mix and pricing pressures. Selling, general, and administrative expenses also saw a slight increase to $57 million for the quarter, up from $53 million, but decreased for the nine-month period to $175 million from $178 million.

Garrett Motion's net income for the third quarter was $77 million, a significant increase from $52 million in the same quarter of 2024. For the nine months, net income rose to $226 million from $182 million. The effective tax rate for the third quarter was 24.5%, down from 31.6% in the prior year, primarily due to a decrease in U.S. taxes on international operations and a favorable global earnings mix. The company also reported a decrease in interest expenses, which fell to $29 million from $37 million in the previous year, contributing to the improved net income figures.

In terms of operational developments, Garrett Motion continued to expand its product offerings, particularly in zero-emission technologies, and secured new business in both turbo and electric powertrain solutions. The company repurchased $84 million of its common stock during the quarter, including shares from Oaktree Capital Management, and had $114 million remaining under its share repurchase program. Additionally, the Board of Directors declared a cash dividend of $0.06 per share, reflecting ongoing shareholder returns.

Looking ahead, Garrett Motion remains optimistic about its growth trajectory, particularly in light of increasing demand for its innovative technologies. The company plans to continue investing in its manufacturing capabilities and expanding its product lines to meet the evolving needs of its customers in the mobility and industrial sectors. The management's focus on sustainable cost initiatives and strategic collaborations with original equipment manufacturers is expected to support future growth and profitability.