Garrett Motion Inc. logo GTX - Garrett Motion Inc.

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| PRICE TARGET: $34.00 DETAILS
HIGH: $42.00
LOW: $24.00
MEDIAN: $36.00
CONSENSUS: $34.00
UPSIDE: 2.13%

Stock News

Ingersoll Rand and Garrett Motion Announce Strategic Partnership to Introduce a New Era for Oil‑Free Industrial Innovation

Ingersoll Rand and Garrett Motion Announce Strategic Partnership to Introduce a New Era for Oil‑Free Industrial Innovation

DAVIDSON, N.C. & PLYMOUTH, Mich. & ROLLE, Switzerland--(BUSINESS WIRE)--Ingersoll Rand Inc. (NYSE: IR), a global provider of mission‑critical flow creation and industrial and life science solutions and Garrett Motion (Nasdaq: GTX), a global leader in differentiated turbocharging and electrification technologies for mobility and industrial applications, today announced a multiyear strategic partnership to develop next generation oil-free air technologies designed to deliver greater energy effici.

May 12, 2026 05:00 AM businesswire.com
Ingersoll Rand and Garrett Motion Announce Strategic Partnership to Introduce a New Era for Oil Free Industrial Innovation

Ingersoll Rand and Garrett Motion Announce Strategic Partnership to Introduce a New Era for Oil Free Industrial Innovation

Ingersoll Rand and Garrett Motion enter a multiyear strategic partnership to advance next generation oil-free compressor technology for industrial air compression systems across key verticals, including food and beverage and life sciences Collaboration with Garrett Motion on advanced oil-free centrifugal compressor modules strengthens Ingersoll Rand's system-level compression leadership and capabilities, supporting the development of differentiated solutions that improve efficiency, reliability, and sustainability for customers Reinforces companies' commitment to sustainability and customer value creation through technologies designed to reduce energy consumption and improve operational efficiency across industrial processes DAVIDSON, N.C. and PLYMOUTH, Mich.

May 12, 2026 05:00 AM globenewswire.com
Garrett Motion Reports First Quarter 2026 Financial Results, Raises 2026 Outlook

Garrett Motion Reports First Quarter 2026 Financial Results, Raises 2026 Outlook

First Quarter 2026 Financial Highlights Net sales totaled $985 million, up 12% on a reported basis and 6% on a constant currency* basis vs prior year, driven by share of demand gains in passenger vehicles and strong performance in commercial vehicle off-highway and industrial Net income totaled $95 million; Net income margin of 9.6% Adjusted EBIT* totaled $151 million; Adjusted EBIT margin* of 15.3% Net cash provided by operating activities totaled $98 million Adjusted free cash flow* totaled $49 million Raising 2026 full-year outlook First Quarter 2026 Business Highlights Secured several new light vehicle turbo programs, including an additional award for range extended electric vehicles Won a significant volume extension for light commercial vehicle diesel application with a European OEM Multiple commercial vehicle and industrial awards including power generation applications Continued to win in E-Powertrain; second commercial vehicle production award Growing industrial engagement for E-Cooling, including a production award for battery energy storage system PLYMOUTH, Mich. and ROLLE, Switzerland, April 30, 2026 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) ("Garrett" or the "Company"), a leading automotive and industrial technology provider, today announced its financial results for the three months ended March 31, 2026.

Apr 30, 2026 02:55 AM globenewswire.com

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