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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 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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Garrett lists pool admission rates, rules

GARRETT — Opening day for the Garrett pool will be Saturday, May 29, at noon. ....

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Fundraiser to benefit Psi Iota Xi sorority

GARRETT — Timmy’s Pizza & BBQ, 105 N. Randolph St., Garrett, will be donating a percentage of all sales between 4 and 8 p.m. Thursday to Psi Iota Xi Sorority. ....

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Garrett Community News

Garrett Fraternal Order of Eagles 1357
GARRETT â Garrett Fraternal Order of Eagles, 220 S. Randolph St., will host Classic City Karaoke beginning at 8 p.m. Friday.
This event is open to the public.
Garrett American Legion Post 178
GARRETT â Garrett American Legion Post 178, 515 W. Fifth Ave., has announced these upcoming events:
Dick s baby back ribs will be served Friday. The Way Back Boys will provide musical entertainment.
The legion executive board will meet at 6 p.m. Wednesday, April 21.
The legion general meeting will take place at 7 p.m. April 21, with the third nomination and election of officers.
A fish fry will take place from 5-7:30 p.m. Friday, April 23. Kessler s Kountry will provide musical entertainment. ....

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Brazil's virus outlook darkens amid vaccine supply snags

RIO DE JANEIRO (AP) April is shaping up to be Brazil’s darkest month yet in the. ....

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