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Garrett Motion Inc.: Garrett Motion Reports First Quarter 2021 Financial Results
First Quarter 2021 Highlights
Net sales totaled $997 million, an increase of 33.8% on a reported basis and 25.6% at constant currency
Net loss totaled $105 million; Adjusted net income was $96 million
Adjusted EBITDA increased to $176 million; Adjusted EBITDA margin improved 320 basis points to 17.7%
Net cash provided by operating activities totaled $32 million
Adjusted free cash flow totaled $162 million; Adjusted free cash flow conversion rate was 169%
Garrett Motion Inc., a leading differentiated technology provider for the automotive industry, today announced its financial results for the first quarter ended March 31, 2021.
$ millions (unless otherwise noted)
55
32
See reconciliations to the nearest GAAP measure in pages 4-11. ....

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