General Motors Reports Second Quarter 2017 Net Income Of $2.4 Billion On Revenue Of $37 Billion
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General Motors’ second quarter 2017 earnings were highlighted by net income of $2.4 billion and net revenue of $37 billion. The results were down slightly across the board from the second quarter in 2016.
Financial Results - General Motors - Second Quarter 2017
| METRIC | Q2 2017 | Q2 2016 | Q2 2017 - Q2 2016 | % CHANGE Q2 2017 / Q2 2016 |
|---|---|---|---|---|
| DELIVERIES & MARKET SHARE | ||||
| GLOBAL DELIVERIES - IN GM PARTICIPATING MARKETS (IN MILLIONS) | 2.1 | 2.1 | 0.00 | 0% |
| GLOBAL MARKET SHARE - IN GM PARTICIPATING MARKETS | 11.50% | 11.50% | 0.00 | 0% |
| GAAP METRICS (IN BILLIONS USD EXCEPT WHERE NOTED) | ||||
| REVENUE | $37.00 | $37.40 | -0.40 | -1.07% |
| OPERATING INCOME | $2.60 | $3.00 | -0.40 | -13.33% |
| NET CASH FROM AUTOMOTIVE OPERATING ACTIVITIES - AUTOMOTIVE | $5.10 | $4.80 | +0.30 | +6.25% |
| EARNINGS PER SHARE (EPS) DILUTED ($/SHARE) | $1.60 | $1.74 | -0.14 | -8.05% |
| NON-GAAP METRICS (IN BILLIONS USD EXCEPT WHERE NOTED) | ||||
| EBIT-ADJUSTED | $3.70 | $3.90 | -0.20 | -5.13% |
| % EBIT-ADJUSTED MARGIN | 10.00% | 40.00% | -0.30 | -75% |
| EPS DILUTED - ADJUSTED ($/SHARE) | $1.89 | $1.79 | +0.10 | +5.59% |
| ADJUSTED AUTOMOTIVE FREE CASH FLOW | $2.60 | $3.30 | -0.70 | -21.21% |
| RETURN ON INVESTED CAPITAL-ADJUSTED (ROIC-ADJUSTED) | 30.40% | 30.50% | 0.00 | -0.33% |
In addition, GM Financial posted earnings before tax of $0.4 billion, up $0.2 billion, on record $3 billion in revenue.
“Disciplined and relentless focus on improving our business performance led to a strong quarter and very solid first half of the year. We will continue transforming GM to capitalize on growth opportunities and deliver even more value for our shareholders”, said GM Chairman and CEO Mary Barra.
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Can’t wait to hear from someone who will complain about this! I love the direction of GM and I hope it continues!