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Mar 31, 2024
GM Q1 2024 Earnings Report
GM's Q1 2024 financial performance reflected strong revenue and earnings, leading to an increased full-year guidance.
Key Takeaways
General Motors reported a strong first quarter in 2024, with revenue reaching $43.0 billion and net income attributable to stockholders at $3.0 billion. The company has raised its full-year earnings guidance based on these results.
Revenue reached $43.0 billion, marking a 7.6% increase compared to Q1 2023.
Net income attributable to stockholders was $3.0 billion, a 24.4% increase from the previous year.
EBIT-adjusted stood at $3.9 billion, up 1.8% year-over-year.
The company updated its 2024 full-year earnings guidance, projecting net income between $10.1 billion and $11.5 billion.
GM
GM
GM Revenue by Segment
GM Revenue by Geographic Location
Revenue by Segment
GM North America Revenue
CapyFin.comGM International Revenue
CapyFin.comCruise Revenue
CapyFin.comGM Financial Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.com Forward Guidance
GM is updating its 2024 full-year earnings guidance.
Positive Outlook
- Net income attributable to stockholders is projected to be $10.1 billion - $11.5 billion.
- EBIT-adjusted is expected to range from $12.5 billion to $14.5 billion.
- Automotive operating cash flow is anticipated to be between $18.3 billion and $21.3 billion.
- Adjusted automotive free cash flow is forecasted at $8.5 billion - $10.5 billion.
- EPS-diluted-adjusted is expected to be $9.00 - $10.00.
Revenue & Expenses
Visualization of income flow from segment revenue to net income