Garrett Motion (GTX) Tops Q1 EPS by 12c, Revenues Miss; Affirms FY19 Operating Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Garrett Motion Reports First Quarter 2019 Financial Results
May 7, 2019 7:11 AM EDTFirst Quarter 2019 Highlights
Net sales totaled $835 million; down 8.7% reported and 3.2% organically* Net income increased 25.9% to $73 million Earnings per basic and diluted share were $0.98 and $0.97, respectively Adjusted EBITDA* decreased 10.2% to $159 million Adjusted EBITDA margin* was 19.0% Net debt* reduced by $40 million in the quarter to $1,392 million at March 31, 2019 2019 outlook unchangedROLLE, Switzerland--(BUSINESS WIRE)--
Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced its financial results for the first quarter of 2019.
Q1 2018** $ Millions (unless otherwise noted)... More