General Motors Co. 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:
| Updated 2024 Guidance | Previous 2024 Guidance | |
| Net income attributable to stockholders | $10.1 billion – $11.5 billion | $9.8 billion – $11.2 billion |
| EBIT-adjusted | $12.5 billion – $14.5 billion | $12.0 billion – $14.0 billion |
| Automotive operating cash flow | $18.3 billion – $21.3 billion | $18.0 billion – $21.0 billion |
| Adjusted automotive free cash flow | $8.5 billion – $10.5 billion | $8.0 billion – $10.0 billion |
| EPS-diluted | $8.94 – $9.94 | $8.50 – $9.50 |
| EPS-diluted-adjusted | $9.00 – $10.00 | $8.50 – $9.50 |
GM’s 2024 financial guidance includes anticipated capital spending of $10.5 billion – $11.5 billion, inclusive of investments in the company’s battery cell manufacturing joint ventures.
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SOURCE: GM
