Group 1 Automotive (GPI) Tops Q4 EPS by 8c

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Go back to Group 1 Automotive (GPI) Tops Q4 EPS by 8c

Group 1 Automotive Reports Fourth Quarter and Full Year 2016 Financial Results

February 2, 2017 7:08 AM EST

HOUSTON, Feb. 2, 2017 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today reported 2016 fourth quarter net income of $30.8 million, diluted earnings per common share of $1.44, adjusted net income (a non-GAAP measure) of $37.3 million, and adjusted diluted earnings per common share (a non-GAAP measure) of $1.74.

As shown in the attached non-GAAP reconciliation tables, the 2016 fourth quarter adjusted results exclude approximately $6.4 million of net after-tax adjustments, or $0.30 per share, for non-core items. These adjustments primarily consist of... More