加雷特汽車發佈2025年全年展望，包括若干GAAP和非GAAP財務指標。公司預計2025年淨銷售額（按照GAAP標準）將在33億美元至35億美元之間，略低於市場預期的36.04億美元；淨收入（按照GAAP標準）預計爲2.09億至2.54億美元。此外，調整後自由現金流（非GAAP）預計爲3億至3.9億美元。公司補充指出，2025年的輕型車輛行業產量可能較2024年持平或下降3%，商用車行業預計同比增長0%至2%。2025年的研發和工程投資將佔銷售額的4.6%，其中超過50%用於零排放技術。

以上內容來自Benzinga Earnings專欄，原文如下：

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.