Garrett Motion Inc.: Garrett Motion Reports First Quarter 2021 Financial Results
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 technol...