General Motors Co. (NYSE: GM) today announced full-year 2017 EBIT-adjusted of $12.8 billion, repeating record 2016 performance. Results were driven by strong performance in North America, improvement in GM International led by strong equity income in China and a return to profitability in South America, sustained growth of GM Financial and an intense focus on costs.
Full-year 2017 records:
EPS diluted-adjusted of $6.62
EBIT-adjusted margin of 8.8 percent
North America EBIT-adjusted margin of 10.7 percent, the third straight year above 10 percent
GM Financial EBT-adjusted of $1.2 billion, up 50 percent and revenues of $12.2 billion, up $3.2 billion
Fourth-quarter 2017 records:
EBIT-adjusted of $3.1 billion, up 18.7 percent
EPS diluted-adjusted of $1.65, up 21.3 percent
North America EBIT-adjusted of $2.9 billion, up from $2.7 billion
GM Financial EBT-adjusted of $0.3 billion, up $0.1 billion and revenues of $3.3 billion, up $0.7 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.