Garrett Motion (GTX) Tops Q4 EPS by 9c
Garrett Motion (NYSE: GTX) reported Q4 EPS of $0.82, $0.09 better than the analyst estimate of $0.73. Revenue for the quarter came in at $830 million versus the consensus estimate of $802.18 million.
2020 Outlook
Garrett is providing the following initial outlook for the full year 2020, which reflects the current expected effects of the novel coronavirus and further rebalancing of the company’s light vehicle products between Diesel and Gasoline. Additionally, global light vehicle auto production is expected to decline between (5%) and (7%) and global commercial vehicle production is expected to decline between (7%) and (10%) for the year.
Current 2020 Outlook^ (includes expected effects of novel coronavirus) | Estimated Impact from Novel | |||||
Net sales growth at constant currency | (4%) to (1%) Outperforming LV auto production by 3-4% | (6%) to (7%) | ||||
Adjusted EBITDA | $440 million to $480 million | ($80) million to ($100) million | ||||
Adjusted free cash flow | $225 million to $250 million | ($45) million to ($60) million | ||||
Free cash flow | $85 million to $110 million | ($45) million to ($60) million |
For earnings history and earnings-related data on Garrett Motion (GTX) click here.