Garrett Motion Inc. (NASDAQ:GTX) Q1 2023 Earnings Conference Call April 24, 2023 8:30 AM ET

Company Participants

Eric Birge - Head of Investor Relations

Olivier Rabiller - President and Chief Executive Officer

Sean Deason - Senior Vice President and Chief Financial Officer

Conference Call Participants

Vahid Khorsand - BWS Financial

Operator

Hello, my name is Jason, and I will be your operator this morning. I would like to welcome everyone to the Garrett Motion First Quarter Financial Results Conference Call. This call is being recorded and the replay will be available later today. After the company's presentation, there will be a question-and-answer session.

I would now like to hand the call over to Eric Birge, Garrett's Head of Investor Relations. Please go ahead.

Eric Birge

Thank you, Jason. Good day and welcome, everyone. Thank you for attending the Garrett Motion First Quarter Financial Results Conference Call. Before we begin, I would like to mention that today's presentation and earnings press release are available on the IR section of the Garrett Motion website at investors.garrettmotion.com. There you will also find links to our SEC filings along with other important information about our company.

Turning to slide two, we note that this presentation contains forward-looking statements within the meaning of the Securities and Exchange Act. We encourage you to read the risk factors contained in our filings with the Securities and Exchange Commission. Be aware of the risks and uncertainties in our business and understand that forward-looking statements are only estimates of future performance and should be taken as such.

The forward-looking statements represented management's expectations only as of today, and the company disclaims any obligation to update them. Today's presentation also includes non-GAAP measures to describe the way in which we manage and operate our business. We reconcile each of those measures to the most direct GAAP measure and you are encouraged to examine those reconciliations, which are found in the appendix of both the press release and the slide presentation today. Also in today's presentation and comments, we may refer to light vehicle diesel and light vehicle gasoline products by using the terms diesel and gasoline only.

With us on today's call is Olivier Rabiller, Garrett's President and Chief Executive Officer; and Sean Deason, Garrett's Senior Vice President and Chief Financial Officer.

I will now hand the call over to Olivier.

Olivier Rabiller

Thanks, Eric, and thanks, everyone, for joining Garrett's first quarter results conference call. I will begin my remarks on Slide 3, where we start with highlights for the quarter. I am very pleased with our results this quarter, which provide an excellent foundation for meeting the elevated 2023 guidance we announced last week.