Garrett Motion Inc. has approved a new share repurchase program for 2026, allowing for up to $250 million of stock to be repurchased. The program will start on January 1, 2026, after the current program ends on December 31, 2025. CEO Oliver Rabiller stated that returning capital to shareholders is a key part of Garrett’s financial strategy, aiming to return 75% of Adjusted Free Cash Flow through dividends and share repurchases. The company’s focus on balancing growth investments with shareholder returns reflects its disciplined capital allocation approach. Garrett aims to advance motion through innovative automotive technology solutions.

Read more at GlobeNewswire: Garrett Motion Announces $250 Million Share Repurchase