General Motors today reported third-quarter 2024 revenue of $48.8 billion, net income attributable to stockholders of $3.1 billion, and EBIT-adjusted of $4.1 billion.
GM is also updating its 2024 full-year earnings guidance for the third consecutive quarter:
| Updated 2024 Guidance | Previous 2024 Guidance | |
| Net income attributable to stockholders | $10.4 billion – $11.1 billion | $10.0 billion – $11.4 billion |
| EBIT-adjusted | $14.0 billion – $15.0 billion | $13.0 billion – $15.0 billion |
| Automotive operating cash flow | $22.0 billion – $24.0 billion | $19.2 billion – $22.2 billion |
| Adjusted automotive free cash flow | $12.5 billion – $13.5 billion | $9.5 billion – $11.5 billion |
| EPS-diluted | $9.14 – $9.64 | $8.93 – $9.93 |
| EPS-diluted-adjusted | $10.00 – $10.50 | $9.50 – $10.50 |
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.
SOURCE: GM
