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Jun 30, 2022
GM Q2 2022 Earnings Report
GM's second-quarter results reflected a decrease in net income and EBIT-adjusted compared to the previous year, but the company reaffirmed its full-year earnings guidance.
Key Takeaways
General Motors reported second-quarter net income attributable to stockholders of $1.7 billion and EBIT-adjusted of $2.3 billion. The results were in line with the company's previous earnings update. GM continues to expect to meet its full-year earnings guidance.
Net income attributable to stockholders was $1.7 billion.
EBIT-adjusted reached $2.3 billion.
Revenue increased to $35.8 billion.
The company reaffirmed its full-year earnings guidance.
Revenue by Segment
Forward Guidance
GM expects to achieve full-year net income between $9.6 billion and $11.2 billion, and EBIT-adjusted between $13.0 billion and $15.0 billion. They also anticipate full-year EPS-diluted between $5.76 and $6.76, and EPS-diluted-adjusted between $6.50 and $7.50.
Positive Outlook
- Full-year net income of between $9.6 billion and $11.2 billion
- EBIT-adjusted of between $13.0 billion and $15.0 billion
- EPS-diluted of between $5.76 and $6.76
- EPS-diluted-adjusted of between $6.50 and $7.50
- Net automotive cash provided by operating activities guidance range of between $16.0 billion and $19.0 billion
Challenges Ahead
- Potential impact of adjustments on expected financial results
- Fluctuations in market conditions
- Changes in consumer demand
- Supply chain disruptions
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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