Group 1 Automotive (GPI) Tops Q3 EPS by 47c

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Go back to Group 1 Automotive (GPI) Tops Q3 EPS by 47c

Group 1 Automotive Reports Third Quarter 2017 Financial Results

October 26, 2017 7:08 AM EDT

HOUSTON, Oct. 26, 2017 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today reported 2017 third quarter net income of $29.9 million, diluted earnings per common share of $1.43, adjusted net income (a non-GAAP measure) of $46.6 million, and adjusted diluted earnings per common share (a non-GAAP measure) of $2.23.

Third quarter 2017 adjusted net income and diluted earnings per share exclude approximately $16.8 million of net, after-tax adjustments, or $0.80 per share, for non-core items. These adjustments primarily consist of costs directly... More