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GM workers to receive up to $12,000 in profit sharing payout

DETROIT – General Motors' hourly UAW workers will get a record profit sharing amount this year after the automaker earned more than $9 billion in 2016. 

The hourly UAW workers are expected to receive a maximum payout of $12,000.

Details from GM:

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.

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