加雷特汽车发布2025年全年展望，包括若干GAAP和非GAAP财务指标。公司预计2025年净销售额（按照GAAP标准）将在33亿美元至35亿美元之间，略低于市场预期的36.04亿美元；净收入（按照GAAP标准）预计为2.09亿至2.54亿美元。此外，调整后自由现金流（非GAAP）预计为3亿至3.9亿美元。公司补充指出，2025年的轻型车辆行业产量可能较2024年持平或下降3%，商用车行业预计同比增长0%至2%。2025年的研发和工程投资将占销售额的4.6%，其中超过50%用于零排放技术。

以上内容来自Benzinga Earnings专栏，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.