Group 1 Automotive (GPI) Tops Q4 EPS by 33c

Group 1 Automotive (NYSE: GPI) reported Q4 EPS of $1.67, $0.33 better than the analyst estimate of $1.34. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.49 billion.

"We are delighted to announce all-time record adjusted earnings for this quarter and the full year," said Earl J. Hesterberg, Group 1's president and chief executive officer. "For the quarter, the results reflect double-digit revenue growth, improved margins, and impressive cost control. Each of our geographic markets delivered significant improvements, with continued strong growth in the U.S. and U.K. and the benefits of cost reductions in Brazil driving higher earnings in all three countries." Mr. Hesterberg added, "For the full year, revenue increased more than $1 billion, which in combination with improvements in our cost and capital structure, translated into record adjusted full year earnings of $5.87."

For earnings history and earnings-related data on Group 1 Automotive (GPI) click here.

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