GM Reports Net Revenue of $37 Billion and Income of $2.4 Billion from Continuing Operations

The FINANCIAL — General Motors Co. on July 25 announced strong second-quarter earnings and revenue from continuing operations driven by robust results in North America and China, solid improvement in South America and continued growth of GM Financial.

Second-quarter 2017 highlights:

EPS-diluted of $1.60, down 8 percent, and EPS diluted-adjusted of $1.89, up 5.6 percent

Consolidated EBIT-adjusted of $3.7 billion and EBIT-adjusted margin of 10.0 percent

North America EBIT-adjusted of $3.5 billion, and EBIT-adjusted margin of 12.2 percent, and

GM Financial EBT of $0.4 billion, up 67 percent.

Income from continuing operations to common stockholders includes a net loss from special items of $0.7 billion before tax, or $0.29 per diluted share for the quarter. Special items included $0.5 billion related to GM International Operations restructuring, $0.1 billion due to Venezuela deconsolidation and approximately $0.1 billion for legal matters related to the ignition switch recall, according to GM.