GM reports Q4 2023 revenue $43.0B, net income $2.1B; 2024 EBIT guidance $12-14B

General Motors Co

2023-FY EPS reported $7.32 revenue$171,842,000,000

Q4 revenue $43.0B (flat YoY), net income $2.1B (+5.2%), EBIT-adjusted $1.8B (-53.8%).
Full-year 2023 revenue $171.8B (+9.6%), net income $10.1B (+1.9%), EBIT-adjusted $12.4B (-14.6%).
2024 guidance: net income $9.8-11.2B, EBIT-adjusted $12-14B, EPS-diluted-adjusted $8.50-9.50.
GMNA EBIT-adjusted Q4 $2.0B (-45% YoY); China equity income $93M (-53.7%).
Capex guidance $10.5-11.5B including battery JV investments; auto FCF $8-10B.

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 0.9

General Motors Co reported Full Year 2024 results: net income $9,800, EPS $8.50. Guidance initiated.

Period: Full Year 2024
Net income: $9,800
EPS: $8.50
Guidance: initiated
Result: guidance update

Exact text from the filing

2024 guidance, which is for a year of strong financial performance.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

General Motors Co reported Full Year Ended December 31, 2023 results: revenue $171,842, net income $10,127, EPS $7.32.

Period: Full Year Ended December 31, 2023
Revenue: $171,842
Net income: $10,127
EPS: $7.32
Result: reported results

Exact text from the filing

on equity investments in the three months ended December 31, 2023. Years Ended $M except per share amounts December 31, 2023 December 31, 2022 Change % Change Revenue $ 171,842 $ 156,735 $ 15,107 9.6 % Net income attributable to stockholders $ 10,127 $ 9,934 $ 193 1.9 % EBIT-adjusted $ 12,357 $ 14,474 $ (2,117) (14.6) % Net income margin 5.9 % 6.3 %

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

General Motors Co reported Three Months Ended December 31, 2023 results: revenue $42,980, net income $2,102, EPS $1.59.

Period: Three Months Ended December 31, 2023
Revenue: $42,980
Net income: $2,102
EPS: $1.59
Result: reported results

Exact text from the filing

Chair and CEO Mary Barra’s letter to shareholders. 1 Results Overview Three Months Ended $M except per share amounts December 31, 2023 December 31, 2022 Change % Change Revenue $ 42,980 $ 43,108 $ (128) (0.3) % Net income attributable to stockholders $ 2,102 $ 1,999 $ 103 5.2 % EBIT-adjusted $ 1,757 $ 3,799 $ (2,042) (53.8) % Net income margin 4.9 % 4.6 % 0.3

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Source: SEC EDGAR

accession 0001467858-24-000029

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