GM Q1 revenue $40B, net income $2.4B; raises FY EBIT-adjusted guidance to $11-13B

General Motors Co

2023-Q1 EPS reported $1.69 revenue$39,985,000,000

Revenue $40.0B (+11% YoY); net income $2.4B (-18.5% YoY); EBIT-adjusted $3.8B (-6% YoY).
EPS-diluted $1.69; adjusted EPS $2.21; includes $875M voluntary separation charge.
GMNA EBIT-adjusted $3.576B (+13.8% YoY); China equity income $83M (-64.5% YoY); GM Financial EBT $771M (-40%).
Raises FY 2023 EBIT-adjusted guidance to $11.0-13.0B (prev $10.5-12.5B); adjusted FCF guidance to $5.5-7.5B (prev $5.0-7.0B).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

General Motors Co reported Q1 2023 results: revenue $39,985, net income $2,395, EPS $1.69. Guidance raised.

Period: Q1 2023
Revenue: $39,985
Net income: $2,395
EPS: $1.69
Guidance: raised
Result: reported results

Exact text from the filing

Revenue $ 39,985 $ 35,979 $ 4,006 11.1 % Net income attributable to stockholders $ 2,395 $ 2,939 $ (544) (18.5) % EBIT-adjusted $ 3,803 $ 4,044 $ (241) (6.0) % Net income margin 6.0 % 8.2 % (2.2) ppts (26.8) % EBIT-adjusted margin 9.5 % 11.2 % (1.7) ppts (15.2) % Automotive operating cash flow $ 2,232 $ 1,635 $ 597 36.5 % Adjusted automotive free cash flow $ (132) $ 6 $ (138) n.m. EPS-diluted(a) $ 1.69 $ 1.35 $ 0.34 25.2 %

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Source: SEC EDGAR

accession 0001467858-23-000074

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