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Mar 31, 2020
GM Q1 2020 Earnings Report
GM reported income of $0.3 billion and EPS-diluted-adjusted of $0.62.
Key Takeaways
GM's Q1 2020 earnings were impacted by COVID-19, with a $1.4 billion impact on EBIT-adjusted. The company ended the quarter with $33.4 billion in automotive liquidity. GM is targeting to restart the majority of manufacturing operations on May 18 in the U.S. and Canada.
Income of $0.3 billion reported.
EPS-diluted of $0.17 and EPS-diluted-adjusted of $0.62 achieved.
COVID-19 had a $(1.4) billion impact on EBIT-adjusted.
Ended quarter with $33.4 billion in automotive liquidity.
Revenue by Segment
Forward Guidance
GM is focused on preserving liquidity and taking actions to make the company stronger and more competitive in the long term.
Positive Outlook
- Product development work on future EV and AV portfolios is progressing at a rapid pace.
- Ongoing work continues at Detroit-Hamtramck to convert the facility to be GM’s first assembly plant fully devoted to EVs.
- GM shared its EV strategy and showcased its technical expertise, flexibility and scale.
- GM and Honda agreed to jointly develop two all-new EVs for Honda, based on GM’s new global EV platform and Ultium battery system.
- GM’s CCA business continued to support essential work for customers’ service and maintenance needs.
Challenges Ahead
- COVID-19 pandemic has heavily impacted operations.
- GM extended its January holiday shutdown in China and suspended production in North and South America in March.
- GM has implemented aggressive austerity measures and collaboration with unions and government officials to preserve cash.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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