Garrett Motion Inc. (NASDAQ: GTX)

Garrett is a cutting edge technology leader delivering differentiated solutions for emission reduction and energy efficiency. The company designs, manufactures and sells highly engineered turbocharging, air and fluid compression, and high speed electric motor technologies for original equipment manufacturers and independent aftermarket distributors in the mobility and industrial fields. Its products support internal combustion engines using gasoline, diesel, natural gas and hydrogen as well as zero emission vehicles, enabling fuel economy, energy efficiency, thermal management and compliance with greenhouse gas and emission reduction targets.

Garrett generates revenue primarily from the sale of turbochargers, electric boosting systems, fuel cell air compressors and aftermarket products to original equipment manufacturers and distributors. The company's offerings include mechanical and electrical turbocharging solutions for light and commercial vehicles, industrial applications such as marine and power generation, and electric traction and thermal management components for hybrid and battery electric vehicles. Aftermarket sales, supported by a large installed base of vehicles, provide a recurring revenue stream from replacement parts and performance upgrades.

Garrett holds a leading position in the global turbocharger market, leveraging approximately 1,350 patents and a worldwide engineering workforce of about 1,330 engineers. The company differentiates itself through innovative technology such as variable geometry turbines, oil free foil bearings, and high speed electric motors, as well as strong collaborative relationships with more than 60 original equipment manufacturers. Its low cost manufacturing footprint, with over two thirds of production sourced from low cost countries, provides a competitive advantage in cost and scale.

Garrett serves a diverse customer base that includes major original equipment manufacturers such as Stellantis N. V., BMW, and Ford Motor Company, along with numerous other light and commercial vehicle OEMs globally. The company also supplies independent aftermarket distributors in over 165 countries, reaching garages and service centers that cater to the installed base of nearly 150,000,000 vehicles.