UPDATE: Garrett Motion (GTX) Misses Q4 EPS by 14c, Revenue Beats
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Garrett Motion Reports Fourth Quarter and Full Year 2018 Financial Results
February 20, 2019 7:50 AM ESTFull Year 2018 Highlights
Net sales increased 9% to $3,375 million; up 6% organic* Net income of $1,180Â million, which includes a one-time tax benefit of $879 million Adjusted EBITDA* increased 5% to $618Â million; up 14% to $656 million excluding the impact from hedging* Adjusted EBITDA margin of 18.3% in 2018; Ex-hedging impact* Adjusted EBITDA margin of 19.4% Net debt to Consolidated EBITDA* decreased to 2.96x at December 31, 2018 from 3.07x at September 30, 2018Fourth Quarter 2018 Highlights
Net sales decreased 1% to $799 million; up 2% organic*... More