GM reported $4 bln income in third quarter

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The FINANCIAL — General Motors Co. (NYSE: GM) today reported third-quarter earnings driven by its agility, and strong and growing franchises. Despite the COVID-19 pandemic, the company continued to invest in its electric vehicle and autonomous vehicle growth initiatives, launched an all-new portfolio of full-size Chevrolet, GMC and Cadillac sport utility vehicles, and maintained leading U.S. full-size pickup truck and large SUV market share.

Third-quarter 2020 results:

  • EPS-diluted of $2.78, and EPS-diluted-adjusted of $2.83
    • EPS-diluted-adjusted includes a $0.05 gain from Groupe PSA revaluations
  • Income of $4.0 billion, and EBIT-adjusted of $5.3 billion
  • EBIT-adjusted margin of 14.9 percent
  • Revenue of $35.5 billion
  • Automotive liquidity of $37.8 billion
  • Automotive operating cash flow of $9.9 billion, and adjusted automotive free cash flow of $9.1 billion
  • GM North America EBIT-adjusted of $4.4 billion
  • GM Financial EBT-adjusted of $1.2 billion

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