{"id":24079,"date":"2020-11-07T11:01:15","date_gmt":"2020-11-07T07:01:15","guid":{"rendered":"https:\/\/www.middleeastevents.com\/blog\/?p=24079"},"modified":"2020-11-07T11:01:15","modified_gmt":"2020-11-07T07:01:15","slug":"gm-delivers-income-of-4-0-billion-and-ebit-adj-of-5-3-billion","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/gm-delivers-income-of-4-0-billion-and-ebit-adj-of-5-3-billion\/","title":{"rendered":"GM Delivers Income Of $4.0 Billion And EBIT-adj. Of $5.3 Billion"},"content":{"rendered":"<p>General Motors Co. (NYSE: GM) today reported third-quarter earnings driven by its agility, and strong and growing franchises. Despite the COVID-19 pandemic, the company continued to invest in its electric vehicle and autonomous vehicle growth initiatives, launched an all-new portfolio of full-size Chevrolet, GMC and Cadillac sport utility vehicles, and maintained leading U.S. full-size pickup truck and large SUV market share.<\/p>\n<p><b>Third-quarter 2020 results:<\/b><\/p>\n<ul>\n<li>EPS-diluted of $2.78, and EPS-diluted-adjusted of $2.83\n<ul>\n<li>EPS-diluted-adjusted includes a $0.05\u00a0gain from Groupe PSA revaluations<\/li>\n<\/ul>\n<\/li>\n<li>Income of $4.0\u00a0billion, and EBIT-adjusted of $5.3\u00a0billion<\/li>\n<li>EBIT-adjusted margin of 14.9\u00a0percent<\/li>\n<li>Revenue of $35.5\u00a0billion<\/li>\n<li>Automotive liquidity of $37.8\u00a0billion<\/li>\n<li>Automotive operating cash flow of $9.9\u00a0billion, and adjusted automotive free cash flow of $9.1\u00a0billion<\/li>\n<li>GM North America EBIT-adjusted of $4.4\u00a0billion<\/li>\n<li>GM Financial EBT-adjusted of $1.2\u00a0billion<\/li>\n<\/ul>\n<p>For complete details and to see reconciliations of non-GAAP measures to their most directly comparable GAAP measures,\u00a0<a href=\"https:\/\/media.gm.com\/content\/dam\/Media\/gmcom\/investor\/2020\/nov\/gm-q3-2020-earnings-press-release.pdf\" target=\"_blank\" rel=\"noopener\">click here to download the full press release<\/a>\u00a0or visit the\u00a0<a href=\"http:\/\/www.gm.com\/investors\/earnings-releases.html\" target=\"_blank\" rel=\"noopener\">GM Investor Relations<\/a>\u00a0website.<\/p>\n<p><b>Conference call for investors and analysts<\/b><\/p>\n<p>GM Chairman and CEO Mary Barra and interim Chief Financial Officer John Stapleton will host a conference call for investor analysts at 10 a.m. ET today to discuss third-quarter results. Introductory remarks will be followed by a question-and-answer session for analysts.<\/p>\n<p>Those who wish to listen to the call may dial in using the following numbers:<\/p>\n<ul>\n<li>United States: 1-888-808-8618<\/li>\n<li>International: +1-949-484-0645<\/li>\n<li>Name of Call: GM Earnings Call<\/li>\n<\/ul>\n<p><b>General Motors<\/b>\u00a0(NYSE:GM) is committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the\u00a0\u00a0<a href=\"http:\/\/www.chevrolet.com\/?evar25=GM_COM_Our_Brands\">Chevrolet<\/a>,\u00a0<a href=\"http:\/\/www.buick.com\/?evar25=GM_COM_Our_Brands\">Buick<\/a>,\u00a0<a href=\"http:\/\/www.gmc.com\/?evar25=GM_COM_Our_Brands\">GMC<\/a>,\u00a0<a href=\"http:\/\/www.cadillac.com\/?evar25=GM_COM_Our_Brands\">Cadillac<\/a>,\u00a0<a href=\"https:\/\/www.holden.com.au\/?evar25=GM_COM_Our_Brands\">Holden<\/a>,\u00a0<a href=\"http:\/\/www.sgmw.com.cn\/\">Baojun<\/a>, and\u00a0<a href=\"http:\/\/www.sgmw.com.cn\/?evar25=GM_COM_Our_Brands\">Wuling<\/a>\u00a0brands. More information on the company and its subsidiaries, including\u00a0<a href=\"https:\/\/www.onstar.com\/us\/en\/home\/\" target=\"_blank\" rel=\"noopener\">OnStar<\/a>, a global leader in vehicle safety and security services, can be found at\u00a0<a href=\"http:\/\/www.gm.com\/\" target=\"_blank\" rel=\"noopener\">http:\/\/www.gm.com<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-24080\" src=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2020\/11\/Untitled-1-300x152.jpg\" alt=\"\" width=\"300\" height=\"152\" srcset=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2020\/11\/Untitled-1-300x152.jpg 300w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2020\/11\/Untitled-1-768x389.jpg 768w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2020\/11\/Untitled-1-1024x519.jpg 1024w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2020\/11\/Untitled-1.jpg 1081w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Motors Co. (NYSE: GM) today reported third-quarter earnings driven by its agility, and strong and growing franchises. Despite the COVID-19 pandemic, the company continued to invest in its electric vehicle and autonomous vehicle growth initiatives, launched an all-new portfolio of full-size Chevrolet, GMC and Cadillac sport utility vehicles, and maintained leading U.S. full-size pickup [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24080,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/24079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=24079"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/24079\/revisions"}],"predecessor-version":[{"id":24081,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/24079\/revisions\/24081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/24080"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=24079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=24079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=24079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}