SHARE

General Motors Company (GM) recently declared 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, about 52,000 eligible GM U.S. hourly employees will receive up to a maximum profit sharing payout of $12,000.

For complete details and to see reconciliations of non-GAAP to their most directly comparable GAAP measures, click here to download the full press release, or visit the GM Shareholder Relations website.

GoPro Inc (GPRO) declared financial results for its fourth quarter and full year ended December 31, 2016.

“In 2016, big investments in hardware, cloud, and mobile yielded a solid foundational experience for our customers,” said Nicholas Woodman, GoPro’s Founder and CEO. “In 2017, we will build on this foundation for our customers while improving efficiency and managing cost to achieve profitability.”

Recent GoPro Highlights Include:

  • GoPro’s Board of Directors designated CJ Prober to serve as the Chief Operating Officer.
  • GoPro practiced a GAAP loss of $116 million, or $0.82 loss per diluted share, in the fourth quarter of 2016, which included charges of $102 million for a full valuation allowance on U.S. deferred tax assets and nearly $37 million for restructuring costs.
  • GoPro was profitable in fourth quarter of 2016 on a non-GAAP basis with income of $42 million, or $0.29 per diluted share.
  • According to The NPD Group’s Retail Tracking Service, in the U.S. in the fourth quarter GoPro accounted for 3 of the top 5 products, counting the top 2 spots, on a unit basis in the digital camera/camcorder category. HERO5 Black was the best-selling digital image camera on a unit basis in the U.S. By our estimate, HERO Session was the #2 best-selling camera in the U.S. on a unit basis.
  • According to NPD, GoPro’s fourth quarter combined digital camera/camcorder unit share raised over 400 basis points year-over-year to 26.7% in the U.S.
  • According to GfK, in the fourth quarter GoPro’s digital imaging unit share in Europe raised 90 basis points year-over-year to 12.2%, Also in the fourth quarter, HERO5 Black sold thru more units in a single quarter in Europe than any other GoPro camera ever.
  • China remains a top-ten country for GoPro with fourth quarter and 2016 sell-thru up 61% and 90%, respectively, year-over-year.
  • In the fourth quarter, we released several GoPro accessories counting Karma Grip, a handheld and wearable stabilization accessory, Remo, a voice-activated waterproof remote for HERO5 cameras, and Quik Key, a mobile microSD card reader that facilitates fast editing and sharing from a smartphone.
  • Instagram followers were up 53% year-over-year to nearly 12 million followers in the fourth quarter, driven by a 245% year-over-year increase in international followers.
  • Social media views of GoPro content reached about 238 million, up over 40% year-over-year, driven by a 160% year-over-year increase in views on Facebook.
  • According to YouTube, the equivalent of twenty-two years of content with GoPro in the title, description or keyword was uploaded to YouTube in 2016, a year-over-year increase of 35%. The hours of GoPro-related content watched on YouTube in 2016 raised 86% year-over-year to about 78 million hours.
  • GoPro Plus to debut in International markets in the coming months. High retention rate amongst early U.S. adopters.
  • In the fourth quarter, the number of shares per month initiated from the Capture App raised 128% year-over-year. The number of people sharing content monthly raised 45% year-over-year.

 

 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here