DETROIT, April 26, 2018 /PRNewswire/ -- General
Motors Co. (NYSE: GM) today announced first-quarter 2018 results
reflecting profitability in all operating segments and record
earnings in China and from GM
Financial.
Income from continuing operations was impacted by a $0.9 billion special charge related to Korea
restructuring. Income from continuing operations and EBIT-adjusted
reflect the impact of planned production downtime in preparation
for the company's all-new full-size Chevrolet Silverado and GMC
Sierra truck launches later this year.
First-quarter 2018 results:
- EPS-diluted of $0.77 and
EPS-diluted-adjusted of $1.43
- Revenue of $36.1 billion
- GM North America EBIT-adjusted of $2.2
billion and margin of 8.0 percent
- GM North America is on track
to sustain 10 percent full-year margin
- GM International EBIT-adjusted of $0.2
billion, includes record equity income in China of $0.6
billion
- GM Financial EBT-adjusted of $0.4
billion, nearly double year over year
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 9:30 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 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.