Garrett Motion sees FY profit at upper end of prior outlook, US-listed shares rise

Garrett Motion. (Delaware)

04/04/2023 13:02

** U.S.-listed shares  GTX.O  of auto-parts manufacturer
Garrett Motion Inc up 1.9% at $7.86 premarket
    ** Company forecasts 2023 net income and adj EBITDA at upper
end of prior outlook
    ** Garrett Motion's FY net income expected in the range of
$255 mln-$300 mln, FY non-GAAP adj EBITDA in the range of $555
mln-$615 mln
    ** As of Monday's close, company's U.S.-listed shares up
1.18% this year

 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226))