Garrett Motion Inc
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
GTX$20.68-0.3%Stored close · as of Nov 10, 2026
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Consolidated Interim Statements of Operations (Unaudited)
CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (Dollars in millions, except per share amounts) | ||
| Net sales (Note 3) | $915 | $970 |
| Cost of goods sold | 743 | 781 |
| Gross profit | 172 | 189 |
| Selling, general and administrative expenses | 64 | 56 |
| Other expense, net | 1 | 1 |
| Interest expense | 31 | 27 |
| Non-operating income | (5) | (3) |
| Income before taxes | 81 | 108 |
| Tax expense (Note 5) | 15 | 27 |
| Net income | 66 | 81 |
| Less: preferred stock dividends (Note 15) | — | (40) |
| Net income available for distribution | $66 | $41 |
| Earnings per common share | ||
| Basic | $0.28 | $0.13 |
| Diluted | 0.28 | 0.13 |
| Weighted average common shares outstanding | ||
| Basic | 236,664,129 | 64,896,081 |
| Diluted | 238,991,886 | 65,970,723 |
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