Garrett Motion Reports First Quarter 2020 Financial Results
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Garrett Motion (GTX) Tops Q1 EPS by 71c, Revenues Beat
May 11, 2020 7:04 AM EDTGarrett Motion (NYSE: GTX) reported Q1 EPS of $0.92, $0.71 better than the analyst estimate of $0.21. Revenue for the quarter came in at $745 million versus the consensus estimate of $664.04 million.
First 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 shareAdjusted net income* was $68 million, or $0.91 per basic share and $0.89 per diluted... More