Garrett Motion (GTX) Tops Q2 EPS by 60c

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Go back to Garrett Motion (GTX) Tops Q2 EPS by 60c

Garrett Motion Reports Second Quarter 2020 Financial Results

July 30, 2020 6:29 AM EDT

Second Quarter 2020 Highlights

Net sales totaled $477 million, a decrease of 40.5% on a reported basis and 39.2% at constant currency* Net loss totaled $9 million, or ($0.12) per basic and diluted share Adjusted net income* was $5 million, or $0.07 per basic and diluted share Adjusted EBITDA* decreased to $63 million; Adjusted EBITDA margin* was 13.2% Adjusted free cash flow* totaled ($174) million Secured net debt to consolidated EBITDA ratio* was 3.07x at June 30, 2020

First Half 2020 Highlights

Net sales totaled $1,222 million, a decrease of... More