DETROIT, Feb. 6, 2018 /PRNewswire/ -- General Motors
Co. (NYSE: GM) today announced full-year 2017 EBIT-adjusted of
$12.8 billion, repeating record 2016
performance. Results were driven by strong performance in
North America, improvement in GM
International led by strong equity income in China and a return to profitability in
South America, sustained growth of
GM Financial and an intense focus on costs.
Full-year 2017 records:
- EPS diluted-adjusted of $6.62
- EBIT-adjusted margin of 8.8 percent
- North America EBIT-adjusted margin of 10.7 percent, the third
straight year above 10 percent
- GM Financial EBT-adjusted of $1.2
billion, up 50 percent and revenues of $12.2 billion, up $3.2
billion
Fourth-quarter 2017 records:
- EBIT-adjusted of $3.1 billion, up
18.7 percent
- EPS diluted-adjusted of $1.65, up
21.3 percent
- North America EBIT-adjusted of $2.9
billion, up from $2.7
billion
- GM Financial EBT-adjusted of $0.3
billion, up $0.1 billion and
revenues of $3.3 billion, up
$0.7 billion
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.
(Note: All figures are on a continuing operations basis and
comparisons are year-over-year versus CY 2016 or Q4 2016)
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
9 a.m. EST today to discuss
fourth-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 may dial in using the
following numbers:
United States:
1-888-808-8618
International:
+1-949-484-0645
Name of Call: GM Earnings
Call
General Motors Co. (NYSE:GM) 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 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.