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Stock impact report

Garrett Motion Reports First Quarter 2020 Financial Results

Garrett Motion Inc. (GTX) 
Last garrett motion inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Business Wire
First Quarter 2020 HighlightsNet 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 shareAdjusted 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, 2020 ROLLE, Switzerland--(BUSINESS WIRE)--Garrett Motion Inc. (NYSE: GTX), a cutting-edge technology provider that enables vehicles to become safer, more connected, efficient and environmentally friendly, today announced its financial results for the first quarter ended March 31, 2020.Q1 2019 $ millions (unless otherwise noted) Q1 2020835 Net sales 745639 Cost of goods sold 603196 Gross profit 14223.5% Gross profit % Show less Read more
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