Garrett Motion Reports $100 Million Profit in Q4
ROLLE, Switzerland — Garrett Motion Inc. (GTX) announced a profit of $100 million for its fourth quarter. The Rolle, Switzerland-based company reported earnings per share of 47 cents. The automotive turbocharging and electric-boosting systems manufacturer generated revenue of $844 million during the period.
For the full year, Garrett Motion reported a profit of $282 million, or $1.26 per share, on revenue of $3.48 billion.
The company projects full-year revenue in the range of $3.3 billion to $3.5 billion.