Company: GPI
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001031203-25-000029
Chunk: 2

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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.8 29.3 Other income(0.3)(0.5)INCOME BEFORE INCOME TAXES167.5 193.3 Provision for income taxes39.7 45.8 Net income from continuing operations127.7 147.4 Net income from discontinued operations0.4 0.5 NET INCOME$128.1 $147.9 BASIC EARNINGS PER SHARE:Continuing operations$9.66 $10.81 Discontinued operations0.03 0.04 Total$9.69 $10.84 DILUTED EARNINGS PER SHARE:Continuing operations$9.64 $10.76 Discontinued operations0.03 0.04 Total$9.67 $10.80 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:Basic13.1 13.3 Diluted13.1 13.4 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)4

Table of Contents

GROUP 1 AUTOMOTIVE, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited) 

(In millions)

 Three Months Ended March 31, 20252024NET INCOME$128.1 $147.9 Other comprehensive income (loss), net of taxes:Foreign currency translation adjustments23.9 (4.5)Net unrealized gain (loss) on interest rate risk management activities, net of tax:Unrealized (loss) gain arising during the period, net of tax benefit (provision) of $1.5 and $(4.5), respectively(4.9)14.3 Reclassification adjustment for gain included in interest expense, net of tax provision of $(1.6) and $(2.3), respectively(5.2)(7.5)Reclassification related to de-designated interest rate swaps, net of tax provision of $— and $(0.1), respectively— (0.2)Unrealized (loss) gain on interest rate risk management activities, net of tax(10.1)6.6 OTHER COMPREHENSIVE INCOME, NET OF TAX13.8 2.1 COMPREHENSIVE INCOME$141.9 $150.0 

See accompanying Notes to Condensed Consolidated Financial Statements (