GM
$35.12
General Motors
($.01)
(.03%)
Earnings Details
1st Quarter March 2019
Tuesday, April 30, 2019 8:00:00 AM
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Summary

General Motors Beats

General Motors (GM) reported 1st Quarter March 2019 earnings of $1.41 per share on revenue of $34.9 billion. The consensus earnings estimate was $1.09 per share on revenue of $36.0 billion. The Earnings Whisper number was $1.20 per share. Revenue fell 3.4% compared to the same quarter a year ago.

The company said in its earnings presentation it continues to expect 2019 earnings of $6.50 to $7.00 per share. The current consensus earnings estimate is $6.47 per share for the year ending December 31, 2019.

General Motors Company designs, builds and sells cars, trucks and automobile parts. The Company also provides automotive financing services through General Motors Financial Company, Inc.

Results
Reported Earnings
$1.41
Earnings Whisper
$1.20
Consensus Estimate
$1.09
Reported Revenue
$34.88 Bil
Revenue Estimate
$35.95 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

GM Reports Income of $2.1 Billion and EBIT-Adj. of $2.3 Billion

DETROIT, April 30, 2019 /PRNewswire/ -- General Motors Co. (NYSE: GM) today reported solid first-quarter earnings. The company's full-size truck launch is ahead of plan and drove strong pricing for the quarter in North America. Average transaction prices for GM's all-new full-size crew cab pickup trucks are up $5,800 over the outgoing models.

First-quarter 2019 results:

  • EPS-diluted of $1.48 and EPS-diluted-adjusted of $1.41.
  • Income of $2.1 billion, up 93.2% year over year.
  • Revenue of $34.9 billion.
  • GM North America EBIT-adjusted of $1.9 billion.
  • GM Financial EBT of $0.4 billion.

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 Chief Financial Officer Dhivya Suryadevara will host a conference call for investor analysts at 10 a.m. EDT today to discuss first-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 CadillacChevrolet, BaojunBuickGMCHoldenJiefang 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.

Cautionary Note on Forward-Looking Statements: This press release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on forward-looking statements. Statements including words such as "anticipate," "appears," "approximately," "believe," "continue," "could," "designed," "effect," "estimate," "evaluate," "expect," "forecast," "goal," "initiative," "intend," "may," "objective," "outlook," "plan," "potential," "priorities," "project," "pursue," "seek," "should," "target," "when," "will," "would," or the negative of any of those words or similar expressions to identify forward-looking statements represent our current judgment about possible future events. In making these statements we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we consider appropriate under the circumstances. These statements are not guarantees of future performance; they involve risks and uncertainties and actual events or results may differ materially from these statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive and regulatory factors, many of which are beyond our control and are described in our Annual Report on Form 10-K for the year ended December 31, 2018, as well as additional factors we may describe from time to time in other filings with the U.S. Securities and Exchange Commission. We undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where we are expressly required to do so by law.

Basis of Presentation: The financial and operational information included in this press release relate to our continuing operations and not our discontinued operations, which consist of the Opel and Vauxhall businesses and certain other assets in Europe and the European financing subsidiaries and branches that were sold in 2017.

 

Cision View original content:http://www.prnewswire.com/news-releases/gm-reports-income-of-2-1-billion-and-ebit-adj-of-2-3-billion-300840648.html

SOURCE General Motors