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Stock impact report

Garrett Motion Reports Second Quarter 2019 Financial Results

Garrett Motion, Inc (GTX)  More Company Research Source: Business Wire
Last garrett motion, inc earnings: 7/30 07:00 am Check Earnings Report
PDF Second Quarter 2019 HighlightsNet sales totaled $802 million; down 8.6% reported and 3.9% organically*Net income totaled $66 million, or basic and diluted earnings per share of $0.88 and $0.86, respectively Adjusted EBITDA* decreased 7.8% to $154 millionAdjusted EBITDA margin* increased to 19.2%Net debt* totaled $1,416 million at June 30, 2019Revised 2019 guidance driven by lower LV production, slower ramp up LV-Gas launches in China and FX First Half 2019 HighlightsNet sales totaled $1,637 million; down 8.6% reported and 3.5% organically*Net income totaled $139 million, or basic and diluted earnings per share of $1.87 and $1.83, respectively Adjusted EBITDA* decreased 9.0% to $313 millionAdjusted EBITDA margin* was 19.1%Net debt to Consolidated EBITDA ratio* was 3.20X at June 30, 2019 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 [Read more]
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