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GM releases 2023 third quarter results

General Motors Co. today reported third-quarter 2023 revenue of $44.1 billion, net income attributable to stockholders of $3.1 billion and EBIT-adjusted of $3.6 billion

General Motors Co. today reported third-quarter 2023 revenue of $44.1 billion, net income attributable to stockholders of $3.1 billion and EBIT-adjusted of $3.6 billion.

An overview of GM’s quarterly results and financial highlights appears below.

Results Overview

Three Months Ended
($M) except where noted September 30, 2023 September 30, 2022 Change % Change
Revenue $ 44,131 $ 41,889 $ 2,242 5.4 %
Net income attributable to stockholders $ 3,064 $ 3,305 $ (241) (7.3) %
EBIT-adjusted $ 3,564 $ 4,287 $ (723) (16.9) %
Net income margin 6.9 % 7.9 % (1.0) ppts (12.7) %
EBIT-adjusted margin 8.1 % 10.2 % (2.1) ppts (20.6) %
Automotive operating cash flow $ 6,794 $ 6,502 $ 292 4.5 %
Adjusted automotive free cash flow $ 4,910 $ 4,593 $ 317 6.9 %
EPS-diluted(a) $ 2.20 $ 2.25 $ (0.05) (2.2) %
EPS-diluted-adjusted(a) $ 2.28 $ 2.25 $ 0.03 1.3 %
GMNA EBIT-adjusted $ 3,526 $ 3,894 $ (368) (9.5) %
GMNA EBIT-adjusted margin 9.8 % 11.2 % (1.4) ppts (12.5) %
GMI EBIT-adjusted $ 357 $ 334 $ 23 6.9 %
China equity income $ 192 $ 330 $ (138) (41.8) %
GM Financial EBT-adjusted $ 741 $ 911 $ (170) (18.7) %

Please click here to view the full press release.

SOURCE: General Motors

 

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