Garrett Motion Inc. (NASDAQ:GTX) Q3 2022 Earnings Conference Call October 26, 2022 8:30 AM ET

Company Participants

Paul Blalock - Vice President, Investor Relations

Olivier Rabiller - President & Chief Executive Officer

Sean Deason - Senior Vice President and Chief Financial Officer

Conference Call Participants

Hamed Khorsand - BWS Financial

Brian Sponheimer - Gabelli Funds

Operator

Hello, my name is Chris and I will be your operator this morning. I would like to welcome everyone to the Garrett Motion Conference Call. This call is being recorded and the replay will be available later today. After the company’s presentation, there will be a Q&A session.

I would now like to hand over the call to Paul Blalock, Garrett’s Vice President of Investor Relations. Sir, please go ahead.

Paul Blalock

Thank you, Chris. Good day and welcome everyone and thank you for joining the Garrett Motion’s Third Quarter 2022 Financial Results Conference Call. Before we begin, I’d like to mention that today’s presentation and earnings release are available on the Garrett Motion website at garrettmotion.com, where 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, which we encourage you to read the risk factors contained in our filings with the SEC, become 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 represent 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 these measures to the most directly comparable GAAP measure and you’re encouraged to examine those reconciliations, which are found in the appendix to both the press release and the slide presentation. 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 today 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 it over to Olivier.

Olivier Rabiller

Thanks, Paul, and welcome, everyone, to Garrett's third quarter 2022 conference call. I will begin my remarks on Slide 3, where we start with highlights for the quarter. And I would like to start by saying I'm very pleased with third quarter results, and I would like to thank employees throughout the company for their dedication and flexibility which helped drive strong third quarter performance in what continues to be a volatile environment.