Brief: Garrett Motion Announces Preliminary Results For Q1 2023 And Increases 2023 Outlook

Garrett Motion. (Delaware)

17/04/2023 12:08

April 17 (Reuters) - Garrett Motion Inc  G02.F :
    * GARRETT MOTION ANNOUNCES PRELIMINARY RESULTS FOR FIRST
QUARTER
2023 AND INCREASES 2023 OUTLOOK
    * GARRETT MOTION INC SEES Q1 NET SALES OF $970 MILLION
    * GARRETT MOTION INC - PRELIMINARY FIRST QUARTER 2023
RESULTS NET
SALES OF $970 MILLION
    * GARRETT MOTION INC SEES NET SALES (GAAP) $3.79 BILLION TO
$3.98
BILLION FOR 2023
    * GARRETT MOTION INC - PRELIMINARY FIRST QUARTER 2023
RESULTS
ADJUSTED EBITDA OF $168 MILLION
    * GARRETT MOTION INC SEES ADJUSTED EBITDA (NON-GAAP) $585
MILLION
TO $635 MILLION FOR 2023
    * GARRETT MOTION INC - LAUNCHED SYNDICATION OF A $700
MILLION
SECURED TERM LOAN B
    * GARRETT MOTION INC - WILL USE PROCEEDS OF LOAN TO FUND
TRANSACTIONS ANNOUNCED ON APRIL 13TH
    * GARRETT MOTION INC - SEES 2023  NET INCOME (GAAP) $231
MILLION
TO $268 MILLION

Source text for Eikon:  ID:nGNXbk3mgh 
Further company coverage:  G02.F 

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