Group 1 Automotive (GPI) Misses Q1 EPS by 17c

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Go back to Group 1 Automotive (GPI) Misses Q1 EPS by 17c

Group 1 Automotive Reports First Quarter 2017 Financial Results

April 28, 2017 8:56 AM EDT

HOUSTON, April 28, 2017 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today reported 2017 first quarter net income of $33.9 million, diluted earnings per common share of $1.58, adjusted net income (a non-GAAP measure) of $32.8 million, and adjusted diluted earnings per common share (a non-GAAP measure) of $1.53.

First quarter 2017 adjusted net income and diluted earnings per share exclude a non-core benefit of approximately $1.1 million after-tax, or $0.05 per share, related to a settlement with an... More