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Sep 30, 2024
GM Q3 2024 Earnings Report
Third quarter results released with updated full-year guidance.
Key Takeaways
General Motors reported a strong third quarter with revenue of $48.8 billion, net income attributable to stockholders of $3.1 billion, and EBIT-adjusted of $4.1 billion. The company also updated its 2024 full-year earnings guidance for the third consecutive quarter.
Revenue reached $48.8 billion.
Net income attributable to stockholders was $3.1 billion.
EBIT-adjusted amounted to $4.1 billion.
Updated 2024 full-year earnings guidance was provided.
GM
GM
GM Revenue by Segment
Forward Guidance
GM updated its 2024 full-year earnings guidance.
Positive Outlook
- Net income attributable to stockholders: $10.4 billion - $11.1 billion
- EBIT-adjusted: $14.0 billion - $15.0 billion
- Automotive operating cash flow: $22.0 billion - $24.0 billion
- Adjusted automotive free cash flow: $12.5 billion - $13.5 billion
- EPS-diluted-adjusted: $10.00 - $10.50
Challenges Ahead
- Capital spending of $10.5 billion - $11.5 billion, inclusive of investments in the company's battery cell manufacturing joint ventures.
- Unspecified potential impact of future adjustments related to special items.
- Forward-looking statements are subject to risks and uncertainties.
- Actual results may differ materially due to a variety of factors.
- Factors described in the most recent Annual Report on Form 10-K and other filings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income