GM Reports Income of $2.4B and EBIT-Adj. of $3.0B
Thu, August 1, 2019
DETROIT — 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 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 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
Name of Call: GM Earnings Call
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