Every material Form 8-K Garrett Motion Inc. has filed with the SEC since July 29, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Garrett Motion reported third-quarter 2026 net sales of $930 million, up 3% from $902 million, and net income of $97 million, up from $77 million. The company reaffirmed the mid-point of its full-year 2026 outlook and approved a $250 million share repurchase program for 2027.
Q3 net income was $97 million versus $77 million a year earlier; diluted EPS was $0.51 versus $0.38.
Full-year 2026 outlook narrowed: adjusted EBIT $570 million to $590 million, versus a prior $560 million to $600 million; company reaffirmed the mid-point.
Board approved up to $250 million in share repurchases starting January 1, 2027, and a $0.08 per share dividend payable December 15, 2026.
Garrett Motion director Steven Tesoriere resigned from the board effective at the close of business on October 28, 2026, and the filing states the resignation was not due to any dispute with the company or the board. Tesoriere was an Oaktree-affiliated designee and had served on the Talent Management and Compensation Committee, so the change removes a board member tied to a major investor.
Steven Tesoriere resigned from the Board effective close of business October 28, 2026; resignation notice dated October 26, 2026
Tesoriere joined the Board in April 2021 as a designee of Oaktree-affiliated funds under the Series A Investor Rights Agreement
He had also served on the Talent Management and Compensation Committee and previously chaired the Finance Committee and Nominating and Governance Committee
The filing says the resignation was not the result of any dispute or disagreement with the company or the board
Garrett Motion reported second-quarter 2026 net sales of $976 million, up 7% from $913 million a year earlier (5% at constant currency), and net income of $101 million, up from $87 million. The company raised its full-year 2026 outlook, including adjusted EBIT of $560 million to $600 million, compared with a prior range of $520 million to $600 million, though operating cash flow for the quarter fell to $145 million from $158 million.
Q2 2026 net sales were $976 million versus $913 million in Q2 2025; adjusted EBIT rose to $152 million from $124 million, a 15.6% margin.
Diluted earnings per share were $0.53 versus $0.42 a year earlier.
Full-year 2026 outlook: net sales of $3.7 billion to $3.9 billion and net income of $330 million to $360 million, both raised at the low end from prior ranges.
Board declared a cash dividend of $0.08 per share, payable September 15, 2026, to holders of record as of September 1, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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