News Releases

GM Reports Strong Net Income, Up 33.5 Percent to $2.6 Billion

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.

 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gm-reports-strong-net-income-up-335-percent-to-26-billion-300447943.html

SOURCE General Motors Co.

Media: Tom Henderson, GM Finance Communications, 313-410-2704, tom.e.henderson@gm.com; Investors: Randy Arickx, GM Investor Relations, 313-268-7070, randy.c.arickx@gm.com