DETROIT, April 28, 2017 /PRNewswire/ -- General
Motors Co. (NYSE: GM) today announced record first-quarter earnings
and revenue driven by robust retail sales of full-size trucks and
crossovers in the United States,
continued growth of GM Financial and effective cost performance
around the globe.
First-quarter 2017 Records:
- Revenue of $41.2 billion, up 10.6
percent
- EBIT-adjusted of $3.4 billion, up
27.9 percent
- EBIT-adjusted margin of 8.2 percent, up 1.1 points
- EPS-diluted-adjusted of $1.70, up
34.9 percent
- North America EBIT-adjusted of $3.4
billion, up 48.8 percent
- North America revenue of
$29.3 billion, up 10.7 percent
Records:
- GM Financial net revenue of $2.9
billion, up 38.7 percent
For complete details and to see reconciliations of non-GAAP
measures to their most directly comparable GAAP measures, click
here to download the full press release, or visit the GM Investor
Relations website.
Investor analyst conference call
GM Chairman and CEO Mary Barra
and Executive Vice President and CFO Chuck
Stevens will host a conference call for investor analysts at
10 a.m. EDT today to discuss
first-quarter business results. The call will include introductory
remarks followed by a question and answer session for analysts.
Journalists who wish to listen to the call can dial in using the
following numbers:
United States:
|
1-888-808-8618
|
International:
|
+1-949-484-0645
|
Name of
Call:
|
GM Earnings
Call
|
(Note: All comparisons are year-over-year versus Q1
2016)
General Motors Co. (NYSE:GM, TSX: GMM) and its
partners produce vehicles in 30 countries, and the company has
leadership positions in the world's largest and fastest-growing
automotive markets. GM, its subsidiaries and joint venture entities
sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC,
Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information
on the company and its subsidiaries, including OnStar, a global
leader in vehicle safety, security and information services, can be
found at http://www.gm.com.
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SOURCE General Motors Co.