Garrett Motion Inc.

Hello, and good day, everyone. My name is Alan, and I will be your operator this morning. I would like to welcome everyone to the Garrett Motion Third Quarter 2026 Financial Results Conference Call. This call is being recorded, and a 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 Cyril Grandjean of Garrett's Vice President of Investor Relations and Treasurer, Please go ahead.

Thank you, Alan, and good day, everyone. We appreciate you joining us to review Garrett Motion's third quarter 2026 financial results. Our presentation and press releases are available on the investor relations section of our website. Today's discussion includes forward-looking statements that involve risks and uncertainties. Please refer to our SEC filings, including our most recent annual report on Form 10-K for a discussion of factors that could cause our results to differ materially from these forward-looking statements. Today's presentation also includes certain non-GAAP measures which we use to help describe how we manage and operate the business. Please review the disclaimers on slide two of our presentation as the content of our call will be governed by this language. With me today are Olivier Rabiller, our President and Chief Executive Officer, and Sean Deason, our Senior Vice President and Chief Financial Officer. With that, I'll turn the call over to Olivier.

Thank you, Cyril, and thank you all for joining us today. We delivered a strong third quarter with organic sales growth, margin expansion, and healthy adjusted free cash flow. Net sales were $930 million, up 3% organically, as we outperformed light vehicle industry production and grew commercial vehicle and industrial by 23%. Adjusted EBIT for the quarter was $152 million, which is a margin of 16.3%, supported by favorable product mix and strong year-over-year operating performance. We also converted this into LC-adjusted free cash flow of $136 million. In addition, we continued to return value to shareholders, repurchasing $57 million of common stock and paying $15 million in dividends. We also repaid $50 million of term loan debts, bringing year-to-date repayments to $100 million. And today, We are announcing that our board of directors authorized a new $250 million share repurchase program for 2027. Finally, we are reaffirming our midpoint outlook as strong operating performance is expected to offset foreign exchange headwinds, mainly in the fourth quarters. Let me now turn to slide four and discuss our continued progress across differentiated technologies. We made strong progress within the quarter across our differentiated technologies, both in our turbo and in zero-emission technologies. In turbo, we launched a new high-volume e-turbo with Mercedes. In addition, we secured multiple light vehicle wins, including for hybrids, and programs for both China domestic and export. We also won several commercial vehicle programs across all regions and launched a new off-road turbo application for recreational vehicles with Polaris. In industrial, growth for existing power generation programs further accelerated and exceeds prior expectations. Based on this momentum, we now expect industrial sales to reach $230 million this year and about $300 million in 2027. In zero-emission technologies, we completed multiple e-powertrain light vehicle proof-of-concept tests, validating the value of our high-speed architecture. And on the commercial side, we are progressing with testing and industrialization of our heavy-duty applications, supporting launch in 2027 for our commercial vehicle e-powertrain. Testing of industrial cooling remains on track with launches in 2027. We experienced a strong momentum with a number of customers and secured an industrial e-cooling compressor award with a new customer, Multistack. With that, I will now turn the call over to Sean who will walk you through our financial results and full year outlook.