- Garrett Motion (NasdaqGS:GTX) has been selected by Multistack to supply oil-free centrifugal compressor technology for data center cooling in Asia-Pacific.
- The Multistack partnership focuses on next-generation industrial HVAC platforms targeted at rapidly growing data center demand in the region.
- Board member Steven Tesoriere has resigned from Garrett Motion's board, stepping down from roles representing a major investor and leading key committees.
- Garrett Motion's Multistack industrial cooling partnership and the resignation of Steven Tesoriere are worth weighing against the rest of our findings. Take a look at 3 warning signs (1 major) we have identified for Garrett Motion.
For investors tracking how industrial technology suppliers tie into the global data center build out, it can be useful to compare this move with peers in similar founder-led businesses through 29 top founder-led companies.
Garrett Motion builds turbochargers and high-speed compression systems for mobility and industrial customers, so its oil-free centrifugal compressor technology with Multistack extends that expertise into data center thermal management. For you, this links an auto components supplier with a different infrastructure spending channel in the Asia-Pacific region.
Garrett Motion’s dividend and buybacks point to a cash-return test, not a victory lap
For investors, this Multistack win slots neatly into the existing Garrett Motion narrative that depends on scaling industrial and data center platforms while keeping strong free cash flow. The fresh US$0.08 per share dividend declaration, the Board’s plan to return about 75% of adjusted free cash flow, and a US$250 million buyback authorization all lean into the cash returns angle rather than rewriting the story. The risk side from the earlier thesis still shows up in the high debt load and negative shareholders’ equity, so the payout profile sits against a more stretched balance sheet.
See how these catalysts shape Garrett Motion's path to a $34.83 fair value.
What really matters next is whether free cash flow comfortably covers both the dividend and the repurchase plan once Multistack related capex ramps and data center compressor production begins in the second half of 2027. Watch reported cash conversion, the payout ratio versus earnings guidance for 2026, and any change in the stated 75% cash return framework as concrete checks on how durable this shareholder return story is.
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