General Motors Company has announced that it will report its first quarter 2017 financial results on Friday, April 28th.
GM is coming off a record 2016 calendar year, where it set records for the following metrics:
- EBIT-adjusted ($12.5 billion, up 15.9 percent)
- EBIT-adjusted margin (7.5 percent, up 0.4 percentage points)
- EPS-diluted ($6.00, up 1.5 percent)
- EPS-diluted-adjusted ($6.12, up 21.9 percent)
- Revenue ($166.4 billion, up 9.2 percent)
- Automotive-adjusted free cash flow ($6.9 billion, up $4.7 billion)
- North America EBIT-adjusted ($12.0 billion)
But 2017 will bring its own set of financial challenges, including the sale of its European Opel-Vauxhall unit — a move that will net GM €2.2 billion ($2.3 billion USD) while also costing the automaker several billion in pension obligations.
GM Authority will be on hand to provide the live coverage of GM’s Q1 2017 earnings. Stay tuned and follow our GM earnings coverage.