GM Reports Income of $2.4B and EBIT-Adj. of $3.0B
DETROIT, Aug. 1, 2019 /PRNewswire/ -- General Motors Co. (NYSE: GM) today reported solid second-quarter earnings, driven by the performance of North America and significant progress on transformational cost initiatives. Strong North America EBIT-adj. margin of 10.7 percent was driven by the successful rollout of full-size light-duty pickup trucks.
Second-quarter 2019 results:
- EPS-diluted of $1.66 and EPS-diluted-adjusted of $1.64, includes $(0.01) from Lyft and PSA revaluations.
- Income of $2.4 billion, up 1.6% year over year.
- Revenue of $36.1 billion.
- GM North America EBIT-adjusted of $3.0 billion.
- GM Financial EBT-adjusted of $0.5 billion.
Investor analyst conference callGM 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 second-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
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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.
SOURCE General Motors