Group 1 Automotive (GPI) Tops Q2 EPS by 31c, Revenues Beat

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Go back to Group 1 Automotive (GPI) Tops Q2 EPS by 31c, Revenues Beat

Group 1 Automotive Announces Second Quarter 2018 Financial Results

July 26, 2018 7:07 AM EDT

HOUSTON, July 26, 2018 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today reported 2018 second quarter net income of $56.5 million, diluted earnings per common share of $2.72, adjusted net income (a non-GAAP measure) of $50.8 million, and adjusted diluted earnings per common share (a non-GAAP measure) of $2.45.

Second quarter 2018 adjusted net income and diluted earnings per share exclude approximately $5.7 million net after-tax adjustments, or $0.27 per common share. These adjustments consisted of a... More