Garrett Motion Q2 Revenue Rises 6.9% to $976 Million, Beats Estimates

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3▲3 ▼1Impact / 5
Summary · why it matters

Garrett Motion reported second-quarter revenues of $976 million, up 6.9% year on year and 3.3% above analysts' expectations, with full-year EBITDA guidance also beating projections. Across the 14 electrical systems stocks tracked, group revenues beat consensus estimates by 2.3% while next-quarter revenue guidance came in 0.6% below, and share prices have fallen an average of 7% since the latest earnings results. Garrett Motion shares are down 12.1% since reporting and trade at $26.30. Among peers, Atkore posted revenues of $794.8 million, up 8.1% year on year and 4.7% above expectations, with its stock up 30.3% at $95.07, while Powell reported revenues of $311.7 million, up 8.9% but 1.6% short of estimates, and its stock is down 13.1% at $191.00. Verra Mobility reported revenues of $263.6 million, up 11.7% and 3.8% above expectations, but logged the weakest full-year guidance update of the group and saw its stock fall 46.2% to $3.02, while Sanmina reported revenues of $3.46 billion, up 69.7% and 1.8% above estimates, with its stock up 6.4% at $222.34.

Impact on assets 5

Energy Transition & Power Demand▲ · 2 stocks
Powell Industries Inc
POWL
± MixedCapitalrelevance

Powell's revenue rose 8.9% YoY but came in 1.6% short of estimates, a mixed earnings result.

Electrification & Mobility▲ · 1 stocks
Garrett Motion Inc
GTX
▲ PositiveCapitalrelevance

Garrett Motion's Q2 revenue rose 6.9% to $976M, beating estimates, and full-year EBITDA guidance also beat projections.

Defense & Geopolitical Fragmentation▲ · 1 stocks
Sanmina Corporation
SANM
▲ PositiveCapitalrelevance

Sanmina reported revenue of $3.46B, up 69.7% YoY and 1.8% above estimates, with its stock up 6.4%.

Smart City / Autonomous Infrastructure▼ · 1 stocks
Verra Mobility Corp
VRRM
▼ NegativeCapitalrelevance

Verra Mobility beat on revenue but logged the weakest full-year guidance update of the group, sending its stock down 46.2%.

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