Garrett Motion Inc. has approved a new share‑repurchase program that authorizes the company to buy back up to $250 million of its common stock during the calendar year 2026. The program will begin on January 1 2026, immediately after the current program expires on December 31 2025.
The move follows a consistent pattern of large buyback authorizations—$350 million in 2024 and $250 million in 2025—underscoring Garrett’s disciplined capital‑allocation philosophy. Management has pledged to return at least 75 % of adjusted free cash flow to shareholders through dividends and share repurchases, a target that the company has met in recent periods.
Garrett’s Q3 2025 results provide the financial backdrop for the new program. Revenue rose to $902 million, up 4 % from $870 million a year earlier, while GAAP earnings per share reached $0.38, beating the consensus estimate of $0.32. Adjusted free cash flow for the quarter was $107 million, giving the company ample liquidity to fund the buyback while still investing in high‑speed and zero‑emission technologies.
CEO Oliver Rabiller said the program reflects the company’s confidence in its cash‑flow generation and its commitment to shareholder returns. “Returning capital to shareholders remains a cornerstone of Garrett’s financial framework,” Rabiller said. “Our strong cash flow generation enables us to invest in advanced turbocharging and zero‑emission technologies while aiming to return 75 % of our adjusted free cash flow to shareholders.”
The announcement was well received by investors, who viewed the buyback as a signal of financial strength and a positive step toward enhancing shareholder value. The program also demonstrates Garrett’s willingness to balance capital returns with continued investment in growth areas such as fuel‑cell compressors and electric propulsion systems.
By reducing the number of shares outstanding, the buyback is expected to lift earnings per share and support the company’s valuation. At the same time, the commitment to invest in high‑speed and zero‑emission solutions signals that Garrett remains focused on long‑term growth opportunities in the evolving automotive landscape.
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