Group 1 Automotive (GPI) Tops Q1 EPS by 34c

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Go back to Group 1 Automotive (GPI) Tops Q1 EPS by 34c

Group 1 Automotive Announces First Quarter 2020 Financial Results

May 5, 2020 7:07 AM EDT

HOUSTON, May 5, 2020 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today reported 2020 first quarter net income of $29.8 million, diluted earnings per common share of $1.61, adjusted net income (a non-GAAP measure) of $30.6 million, and adjusted diluted earnings per common share (a non-GAAP measure) of $1.66.  The Company's 2020 first quarter total revenue was $2.7 billion.

First quarter 2020 adjusted net income and diluted earnings per share excluded a net after-tax adjustment of $0.8 million, or $0.05 per share, primarily related to severance costs in Brazil associated with downsizing... More