GM Reports Net Revenue Of $37 Billion And Income Of $2.4 Billion From Continuing Operations
July 25, 2017 by General MotorsDETROIT — 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, and •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.
