GM Reports Another Strong Year Of Earnings

February 6, 2019 by General Motors

DETROIT — General Motors Co. (NYSE: GM) today reported strong 2018 full-year earnings. Results were driven by strong pricing, surging crossover sales, growth of GM Financial earnings, disciplined cost control and the successful launch of the company's all-new full-size pickup trucks: the Chevrolet Silverado and GMC Sierra.

Full-year 2018 results:

•EPS-diluted of $5.58 and EPS-diluted-adjusted of $6.54

•Full-year income of $8.1 billion and EBIT-adjusted of $11.8 billion

•Full-year EBIT-adjusted margin of 8.0 percent

•North America EBIT-adjusted of $10.8 billion

•China equity income of $2 billion

•GM Financial EBT-adjusted of $1.9 billion, up 58 percent

Fourth-quarter 2018 results:

•EPS-diluted of $1.40 and EPS-diluted-adjusted of $1.43

•Revenue of $38.4 billion, up 1.8 percent from fourth-quarter 2017

•Strong GM North America EBIT-adjusted of $3.0 billion

•Record GM Financial EBT of $0.4 billion