The FINANCIAL -- General Motors Co. on February 7 announced record full-year 2016 results driven by strong retail demand for full-size trucks and SUVs in the United States, continued industry growth in China and effective cost performance across the globe.
Full-year 2016 Records:
EBIT-adjusted of $12.5 billion, up 15.9 percent
EBIT-adjusted margin of 7.5 percent, up 0.4 percentage points
EPS-diluted of $6.00, up 1.5 percent
EPS-diluted-adjusted of $6.12, up 21.9 percent
Revenue of $166.4 billion, up 9.2 percent
Automotive-adjusted free cash flow of $6.9 billion, up $4.7 billion
North America EBIT-adjusted of $12.0 billion.
Fourth-quarter 2016 Records:
Revenue of $43.9 billion, up 10.8 percent
ROIC-adjusted of 28.9 percent, up from 27.2 percent
Based on GM North America’s 2016 financial performance, approximately 52,000 eligible GM U.S. hourly employees will receive up to a maximum profit sharing payout of $12,000.