Thu, August 1, 2019
DETROIT — General Motors Co. (NYSE: GM) today reported solid second-quarter earnings, driven by the performance of North America and significant progress on transformational cost initiatives. Strong North America EBIT-adj. margin of 10.7 percent was driven by the successful rollout of full-size light-duty pickup trucks.
Second-quarter 2019 results:
- EPS-diluted of $1.66 and EPS-diluted-adjusted of $1.64, includes $(0.01) from Lyft and PSA revaluations.
- Income of $2.4 billion, up 1.6% year over year.
- Revenue of $36.1 billion.
- GM North America EBIT-adjusted of $3.0 billion.
- GM Financial EBT-adjusted of $0.5 billion.
Click here to download the full press release to see reconciliations of non-GAAP and GAAP measures, or visit the GM Investor Relations website.
Investor analyst conference call
GM Chairman and CEO Mary Barra and Chief Financial Officer Dhivya Suryadevara will host a conference call for investor analysts at 10 a.m. EDT today to discuss second-quarter results. Introductory remarks will be 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 (NYSE:GM) is committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Cadillac, Chevrolet, Baojun, Buick, GMC, Holden, Jiefang and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, Maven, its personal mobility brand, and Cruise, its autonomous vehicle company, can be found at http://www.gm.com.
CONTACTS:Media:
Tom Henderson
GM Finance Communications
313-667-2704
tom.e.henderson@gm.com
Investors:
Michael Heifler
GM Investor Relations
313-418-0220
michael.heifler@gm.com
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