GM Q1 EPS (adj) $2.62, revenue $43.0B; raises full-year guidance

General Motors Co

2024-Q1 EPS reported $2.56 revenue$43,014,000,000

Q1 revenue $43.0B (+7.6% YoY), net income $3.0B (+24.4%), EBIT-adjusted $3.87B.
EPS-diluted $2.56; EPS-diluted-adjusted $2.62, up from $2.21 a year ago.
Full-year guidance raised: net income $10.1-11.5B (prev $9.8-11.2B); EBIT-adjusted $12.5-14.5B.
GMNA EBIT-adjusted $3.84B, margin 10.6%; China equity loss of $106M vs. income $83M YoY.
Automotive operating cash flow $3.60B (+61.2%); adj. free cash flow $1.09B vs. -$132M prior.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

General Motors Co reported first-quarter 2024 results: revenue $43.0 billion, net income $3.0 billion, EPS $2.62. Guidance raised.

Period: first-quarter 2024
Revenue: $43.0 billion
Net income: $3.0 billion
EPS: $2.62
Guidance: raised
Result: reported results

Exact text from the filing

GM Releases 2024 First-Quarter Results and Raises Full-Year Guidance DETROIT – General Motors Co. (NYSE: GM) today reported first-quarter 2024 revenue of $43.0 billion, net income attributable to stockholders of $3.0 billion and EBIT-adjusted of $3.9 billion. GM is also updating its 2024 full-year earnings guidance:

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Source: SEC EDGAR

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