Full-year 2016 Records:
EBIT-adjusted of $12.5 billion, up 15.9 percent
EBIT-adjusted margin of 7.5 percent, up 0.4 percentage points
EPS-diluted of $6.00, up 1.5 percent
EPS-diluted-adjusted of $6.12, up 21.9 percent
Revenue of $166.4 billion, up 9.2 percent
Automotive-adjusted free cash flow of $6.9 billion, up $4.7 billion
North America EBIT-adjusted of $12.0 billion.
Fourth-quarter 2016 Records:
Revenue of $43.9 billion, up 10.8 percent
ROIC-adjusted of 28.9 percent, up from 27.2 percent
Based on GM North America’s 2016 financial performance, approximately 52,000 eligible GM U.S. hourly employees will receive up to a maximum profit sharing payout of $12,000.
For complete details and to see reconciliations of non-GAAP 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 10 a.m. EST today to discuss fourth-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 can dial in using the following numbers:
United States: 1-888-808-8618
Name of Call: GM Earnings Call
(Note: All comparisons are year-over-year versus CY 2015 or Q4 2015)#GM #News #Auto Biz