GM
$38.30
General Motors
($.09)
(.23%)
Earnings Details
1st Quarter March 2018
Thursday, April 26, 2018 7:00:00 AM
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Summary

General Motors Beats

General Motors (GM) reported 1st Quarter March 2018 earnings of $1.43 per share on revenue of $36.1 billion. The consensus earnings estimate was $1.22 per share on revenue of $34.1 billion. The Earnings Whisper number was $1.27 per share. Revenue fell 12.4% compared to the same quarter a year ago.

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
$1.43
Earnings Whisper
$1.27
Consensus Estimate
$1.22
Reported Revenue
$36.10 Bil
Revenue Estimate
$34.12 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

GM Reports Income from Continuing Operations of $1.1 Billion and EBIT-adjusted of $2.6 Billion

DETROIT, April 26, 2018 /PRNewswire/ -- General Motors Co. (NYSE: GM) today announced first-quarter 2018 results reflecting profitability in all operating segments and record earnings in China and from GM Financial.

Income from continuing operations was impacted by a $0.9 billion special charge related to Korea restructuring. Income from continuing operations and EBIT-adjusted reflect the impact of planned production downtime in preparation for the company's all-new full-size Chevrolet Silverado and GMC Sierra truck launches later this year.

First-quarter 2018 results:

  • EPS-diluted of $0.77 and EPS-diluted-adjusted of $1.43
  • Revenue of $36.1 billion
  • GM North America EBIT-adjusted of $2.2 billion and margin of 8.0 percent
  • GM North America is on track to sustain 10 percent full-year margin
  • GM International EBIT-adjusted of $0.2 billion, includes record equity income in China of $0.6 billion
  • GM Financial EBT-adjusted of $0.4 billion, nearly double year over year

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 9:30 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 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 Co. (NYSE:GM) 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 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.

Cision View original content:http://www.prnewswire.com/news-releases/gm-reports-income-from-continuing-operations-of-1-1-billion-and-ebit-adjusted-of-2-6-billion-300637122.html

SOURCE General Motors Co.