GRAMA Reports Q3 Results with Stable Guidance and Strong Regional Growth
1 report, 1 independent
Updated Fri 00:00
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What happened
GRAMA reported net sales of $2,693 million, representing a 0.5% decrease. The company posted an adjusted operating margin of 9.7% and an adjusted EPS of $2.19, which was a 5.7% decrease. The company also returned $150 million to shareholders through share repurchases and paid $0.87 per share in dividends.
From fool.com
Why it matters
Despite a slight decline in net sales, GRAMA guided for full-year organic sales growth of around 0%, which is better than the expected 2% decline in global light vehicle production. Growth was strong in India, which saw 29% organic sales growth, and in Chinese OEM sales, which grew 21% organically.
From fool.com
Who's involved
- Mikael BrattLeads financial reporting for GRAMA
- GRAMACompany that released the financial results
- AutolivCompany where Mikael Bratt holds formal executive roles
- city councilLegislative body from which GRAMA received documents
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The entities involved
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Mikael Bratt
Nothing else this week.
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GRAMA
Slovak company