Garrett Motion Reports First Quarter 2019 Financial Results
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Garrett Motion (GTX) Tops Q1 EPS by 12c, Revenues Miss; Affirms FY19 Operating Outlook
May 7, 2019 7:13 AM EDTGarrett Motion (NYSE: GTX) reported Q1 EPS of $0.97, $0.12 better than the analyst estimate of $0.85. Revenue for the quarter came in at $835 million versus the consensus estimate of $843.11 million.
Net sales totaled $835 million; down 8.7% reported and 3.2% organically*Net income increased 25.9% to $73 millionEarnings per basic and diluted share were $0.98 and $0.97, respectivelyAdjusted EBITDA* decreased 10.2% to $159 millionAdjusted EBITDA margin* was 19.0%Net debt* reduced by $40 million in the... More