General Motors Q3 Earnings Anouncement

The Company this week is reporting an outstanding third quarter that set these quarterly records. These results would not be possible without the hard work and dedication of the UAW-GM membership!

EBIT-adjusted of $3.5 billion and EBIT-adjusted margin of 8.3 percent; net income of $2.8 billion; earnings per share-diluted-adjusted of $1.72; and adjusted automotive free cash flow of $3.5 billion.

In addition, revenue rose 10 percent year-over-year to an all-time record of $42.8 billion.

Here are other highlights of the third quarter:

  • EBIT-adjusted in North America was $3.5 billion – a Q3 record – and EBIT-adjusted margin was 11.2 percent.
  • Equity income was $0.5 billion in China on record sales and cost discipline.
  • And return on invested capital-adjusted was up 4.6 points to an all-time record of 30.6 percent

 

November Holidays 2016

Mark your Calendars – 4 (Four) Upcoming November Holidays

Tuesday, November 8, 2016 – Federal Election Day – Negotiated paid holiday – Having this day off allows our members an opportunity to cast their ballot and actively work with their locals and Regions to make a difference on Election Day 2016.  Please contact your Local Union Representatives or Regional CAP Coordinator for information on activities in your area that you can participate in this Election Day.  Get out the Vote – Together We Win!

Friday, November 11, 2016 – Veteran’s Day – in 2015 UAW-GM negotiations, our Membership submitted a resolution to have the Veteran’s Day holiday observed on actual Veteran’s Day.  Your bargaining team was successful with that endeavor and November 11, 2016 is our paid holiday to honor our Veteran’s.  Veterans – Thank you for your service!

Thursday & Friday, November 24th & 25th, 2016 – Thanksgiving Day & Day after Thanksgiving – Negotiated paid holidays to allow our members time off to enjoy Thanksgiving with their families.  Wishing you all a very safe and happy Thanksgiving!