Garrett Motion 2025 Outlook: Expects Net Sales Of $3.3B-$3.5B Vs. $3.604B Est., Net Income Of $209M-$254M And Adj. FCF $300M-$390M

Benzinga
02-20

Full Year 2025 Outlook

Garrett is providing the following outlook for the full year 2025 for certain GAAP and Non-GAAP financial measures.

 Full Year 2025 Outlook
Net sales (GAAP)$3.3 billion to $3.5 billion
Net sales growth at constant currency (Non-GAAP)*-3% to +2%
Net income (GAAP)$209 million to $254 million
Adjusted EBITDA (Non-GAAP)*$545 million to $605 million
Adjusted EBIT (Non-GAAP)*$427 million to $487 million
Net cash provided by operating activities (GAAP)$357 million to $447 million
Adjusted free cash flow (Non-GAAP)*$300 million to $390 million

* See reconciliations to the nearest GAAP measures in Appendix.

Garrett's full year 2025 outlook, as of February 20, 2025, includes the following expectations:

  • 2025 light vehicle industry production flat to down 3% from 2024;
  • 2025 commercial vehicle industry, including both on- and off-highway, 0% to 2% from 2024;
  • 2025 average light vehicle battery electric vehicle penetration of 16%;
  • 2025 Euro/dollar assumption of 1.05 EUR to 1.00 USD versus 1.08 in 2024;
  • RD&E investment at 4.6% of sales in 2025, with more than 50% on zero emission technologies;
  • Capital expenditures at 2.8% of sales, with more than 25% on zero emission technologies.
  • Outlook range does not consider potential impact of US tariffs or other related trade actions.

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