On October 22, 2024, General Motors Company (GM) released its third-quarter financial results for the year 2024, announcing a revenue of $48.8 billion, a net income attributable to stockholders of $3.1 billion, and an EBIT-adjusted of $4.1 billion. The company also updated its full-year earnings guidance for the third consecutive quarter, with net income attributable to stockholders now expected to be between $10.4 billion and $11.1 billion, and EBIT-adjusted forecasted to be between $14.0 billion and $15.0 billion. GM's automotive operating cash flow is projected to be between $22.0 billion and $24.0 billion, with adjusted automotive free cash flow anticipated to be between $12.5 billion and $13.5 billion. The earnings per share (EPS) diluted is expected to range from $9.14 to $9.64, and the EPS diluted-adjusted from $10.00 to $10.50. The updated...Show More

On October 22, 2024, General Motors Company (GM) released its third-quarter financial results for the year 2024, announcing a revenue of $48.8 billion, a net income attributable to stockholders of $3.1 billion, and an EBIT-adjusted of $4.1 billion. The company also updated its full-year earnings guidance for the third consecutive quarter, with net income attributable to stockholders now expected to be between $10.4 billion and $11.1 billion, and EBIT-adjusted forecasted to be between $14.0 billion and $15.0 billion. GM's automotive operating cash flow is projected to be between $22.0 billion and $24.0 billion, with adjusted automotive free cash flow anticipated to be between $12.5 billion and $13.5 billion. The earnings per share (EPS) diluted is expected to range from $9.14 to $9.64, and the EPS diluted-adjusted from $10.00 to $10.50. The updated guidance includes anticipated capital spending of $10.5 billion to $11.5 billion. GM Chair and CEO Mary Barra and GM Chief Financial Officer Paul Jacobson hosted a conference call to discuss the results. The company highlighted its commitment to an all-electric future, with a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs.