Garrett Motion (GTX) Tops Q1 EPS by 12c, Revenues Miss; Affirms FY19 Operating Outlook
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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