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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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