Group 1 Automotive (GPI) Tops Q2 EPS by 6c

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Go back to Group 1 Automotive (GPI) Tops Q2 EPS by 6c

Group 1 Automotive Reports Second Quarter 2016 Results

July 28, 2016 7:07 AM EDT

HOUSTON, July 28, 2016 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today reported second quarter 2016 net income of $46.6 million, diluted earnings per common share of $2.12, adjusted net income (a non-GAAP measure) of $47.4 million, and adjusted diluted earnings per common share (a non-GAAP measure) of $2.16.

As shown in the non-GAAP reconciliation tables below, the 2016 second quarter adjusted results exclude approximately $830 thousand of net after-tax adjustments, or $0.04 per share, for non-core items, which primarily consists of hail and flood-related... More