Brief: Garrett Motion Expects 2023 Financial Results In Upper End Of Its Prior Outlook

Garrett Motion. (Delaware)

04/04/2023 12:07

April 4 (Reuters) - Garrett Motion Inc  G02.F :
    * GARRETT MOTION EXPECTS 2023 FINANCIAL RESULTS IN THE UPPER
END
OF ITS PRIOR OUTLOOK AND WILL HOLD ITS FIRST QUARTER CONFERENCE
CALL ON MONDAY APRIL 24, 2023
    * GARRETT MOTION INC - FULL-YEAR NET INCOME AND ADJUSTED
EBITDA
CURRENTLY FORECASTED TO BE AT UPPER END OF PRIOR OUTLOOK
    * GARRETT MOTION INC - ON TRACK TO SATISFY CONSOLIDATED
EBITDA
CONVERSION THRESHOLD IN SERIES A PREFERRED STOCK IN 2023,
POTENTIALLY AS EARLY AS Q2 2023
    * GARRETT MOTION INC - SEES 2023 NET SALES $3.55 BILLION TO
$3.85
BILLION
    * GARRETT MOTION INC - SEES 2023 NET SALES GROWTH AT
CONSTANT
CURRENCY +1% TO +6%
    * GARRETT MOTION INC SEES 2023 NET INCOME (GAAP) BETWEEN
$255
MILLION TO $300 MILLION

Source text for Eikon:  ID:nGNXhBZ80 
Further company coverage:  G02.F 

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