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HomeIndustry ReleasesGM Reports $3.7 Billion Net Revenue & $2.4 Billion Income from Continuing...

GM Reports $3.7 Billion Net Revenue & $2.4 Billion Income from Continuing Operations

DETROIT — General Motors Co. (NYSE: GM) today announced strong second-quarter earnings and revenue from continuing operations driven by robust results in North America and China, solid improvement in South America and continued growth of GM Financial.

Second-quarter 2017 highlights:

  • EPS-diluted of $1.60, down 8 percent, and EPS diluted-adjusted of $1.89, up 5.6 percent
  • Consolidated EBIT-adjusted of $3.7 billion and EBIT-adjusted margin of 10.0 percent
  • North America EBIT-adjusted of $3.5 billion, and EBIT-adjusted margin of 12.2 percent
  • GM Financial EBT of $0.4 billion, up 67 percent

Income from continuing operations to common stockholders includes a net loss from special items of $0.7 billion before tax, or $0.29 per diluted share for the quarter. Special items included $0.5 billion related to GM International Operations restructuring, $0.1 billion due to Venezuela deconsolidation and approximately $0.1 billion for legal matters related to the ignition switch recall.

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 comparisons are year-over-year versus Q2 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 10 a.m. EDT today to discuss second-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:
  • 888-808-8618
  • International:
  • 949-484-0645
  • Name of Call: GM Earnings Call

General Motors Co.

GM 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. http://www.gm.com

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