DETROIT — General Motors Co. (NYSE: GM) today announced record full-year 2016 results driven by strong retail demand for full-size trucks and SUVs in the United States, continued industry growth in China and effective cost performance across the globe.
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.
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)