Financial Report July – September 2019
Financial Summary - Q3'19 · Results better than our expectations with the exception of sales · Net Sales $462 million · Net Sales decline 12%, Organic Sales[1] decline 10% · Active Safety Net Sales decline 11%, Organic Sales[1] decline 8% · Operating cash flow $(61) million 2019 Outlook · Global LVP decline in the mid to upper single digits versus 2018 · Organic Sales[1] decline in the low double digits versus 2018 · Currency translation impact on sales ~(3)% versus 2018 · Operating loss sequential improvement in Q4'19 from Q3'19 ·