GM Q2 revenue $48B, net income $2.9B; raises full-year EBIT guidance to $13-15B

General Motors Co

2024-Q2 EPS reported $5.10 revenue$90,983,000,000

Q2 revenue $47.97B (+7.2% YoY); net income $2.93B (+14.3%); EBIT-adjusted $4.44B (+37.2%).
Diluted EPS-adjusted $3.06 vs $1.91 YoY, up 60.2%.
GM North America EBIT-adjusted $4.43B (10.9% margin); China equity loss -$104M vs income $78M YoY.
Full-year guidance raised: EBIT-adjusted $13B-15B (prev. $12.5-14.5B), adj. auto FCF $9.5-11.5B.
Capital spending forecast $10.5-11.5B including battery JV investments.

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