GM Reports Income from Continuing Operations of $1.1 Billion

GM Reports Income from Continuing Operations of $1.1 Billion

The FINANCIAL -- General Motors Co. on April 26 announced first-quarter 2018 results reflecting profitability in all operating segments and record earnings in China and from GM Financial.

Income from continuing operations was impacted by a $0.9 billion special charge related to Korea restructuring. Income from continuing operations and EBIT-adjusted reflect the impact of planned production downtime in preparation for the company’s all-new full-size Chevrolet Silverado and GMC Sierra truck launches later this year, according to GM.

First-quarter 2018 results:

EPS-diluted of $0.77 and EPS-diluted-adjusted of $1.43

Revenue of $36.1 billion

GM North America EBIT-adjusted of $2.2 billion and margin of 8.0 percent

GM North America is on track to sustain 10 percent full-year margin

GM International EBIT-adjusted of $0.2 billion, includes record equity income in China of $0.6 billion

GM Financial EBT-adjusted of $0.4 billion, nearly double year over year