Garrett Motion Sets $250 Million Buyback, Targets $300 Million in 2027 Industrial Sales

Garrett Motion Inc. authorized a new $250 million share repurchase program and set a 2027 industrial sales target of about $300 million, up from an expected $230 million this year as it looks to industrial and HVAC growth to support margins. Management said industrial and HVAC growth should help expand margins, while capacity investment will be needed. The industrial sales target sits alongside the company’s broader full-year outlook: Garrett reaffirmed midpoint guidance of $3.8 billion in net sales, $580 million in adjusted EBIT and $430 million in adjusted free cash flow.

Source: TokenPost