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