Garrett Motion (GTX) Tops Q4 EPS by 9c

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Go back to Garrett Motion (GTX) Tops Q4 EPS by 9c

Garrett Motion Reports Fourth Quarter and Full Year 2019 Financial Results

February 27, 2020 7:00 AM EST

Fourth Quarter 2019 Highlights

Net sales totaled $830 million, an increase of 3.9% on a reported basis and up 6.2% at constant currency* Net income totaled $136 million, or $1.79 per diluted share Adjusted net income* was $62 million, or $0.82 per diluted share Adjusted EBITDA* decreased 1.4% to $137 million; Adjusted EBITDA margin* was 16.5% Adjusted free cash flow* totaled $136 million; Adjusted free cash flow conversion* of 219% Net debt to consolidated EBITDA ratio* lowered to 2.74x at December 31, 2019

Full Year 2019 Highlights

Net sales totaled $3,248 million, down 3.8%... More