Garrett Motion (GTX) Tops Q1 EPS by 71c, Revenues Beat
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Garrett Motion Reports First Quarter 2020 Financial Results
May 11, 2020 7:00 AM EDTFirst Quarter 2020 Highlights
Net sales totaled $745 million, a decrease of 10.8% on a reported basis and 8.5% at constant currency* Net income totaled $52 million, or $0.69 per basic share and $0.68 per diluted share Adjusted net income* was $68 million, or $0.91 per basic share and $0.89 per diluted share Adjusted EBITDA* decreased to $108 million; Adjusted EBITDA margin* was 14.5% Adjusted free cash flow* totaled $57 million; Adjusted free cash flow conversion* of 84% Net debt to consolidated EBITDA ratio* was 3.01x at March 31, 2020ROLLE, Switzerland--(BUSINESS WIRE)-- Garrett Motion Inc.... More
