UPDATE: Garrett Motion (GTX) Misses Q4 EPS by 14c, Revenue Beats

(Update corrects company name)

Garrett Motion (NYSE: GTX) reported Q4 EPS of $0.57, $0.14 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $799 million versus the consensus estimate of $779.67 million.

2019 Outlook

For the full year 2019, Garrett expects to be between 2% and 4% in organic growth in net sales, and between $630 million and $650 million in Adjusted EBITDA, (as compared to Adjusted EBITDA of $618 million in 2018 on a comparable basis) assuming current foreign exchange rates. We are also targeting Adjusted Levered Free Cash Flow conversion in 2019 between 55% and 60%. The rebalancing of Garrett’s portfolio towards gasoline products continues and our gasoline business is expected to be at similar levels by the end of 2019.

For earnings history and earnings-related data on Garrett Motion (GTX) click here.

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