Good morning and welcome to the General Motors Company first-quarter 2024 earnings conference call. During the opening remarks, all participants will be in a listen-only mode. After the opening remarks, we will conduct a question-and-answer session. We are asking analysts to limit their...
“Globally, our team is leaning into every opportunity with a focus on profitability to build on our strong start to 2024,” wrote CEO Mary Barra in her letter to shareholders. “That’s why we’re raising our full-year earnings, earnings per share and free cash flow guidance.” “We ha...
GM earnings drop 11 percent in first quarter
GM's 2025 guidance includes net income attributable to stockholders of $11.2 billion to $12.5 billion, or $11 to $12 in earnings per share; adjusted earnings before interest and taxes (EBIT) of $13.7 billion to $15.7 billion, or $11 to $12 adjusted EPS; and adjusted automotive free cash...
Good morning, and welcome to the General Motors Company fourth-quarter and calendar-year 2024earnings conference call[Operator instructions] As a reminder, this conference call is being recorded Tuesday, January 28th, 2025. I would now like to turn the conference over to Ashish Kohli, GM's vice...
Jacobson reiterated GM expects its EVs to be profitable on a production, or contribution-margin basis, once it reaches output of 200,000 units by the fourth quarter. "We're still holding to that," Jacobson said, adding additional EV sales are expected to lower the company's earnings, as ...
GM plans to hold its Q2 2024 earnings call on Tuesday, July 23, at approximately 6:30 a.m. Eastern Time. You can check out the automaker’s full press release detailing the quarterhere. Across its brands, GM currently sells EVs, including the Cadillac Lyriq; the Chevrolet Blazer EV; the...
The company, which owns Hollister in addition to its namesake brand, sees first-quarterearnings per share (EPS)between $1.25 and $1.45, well below Visible Alpha consensus of $2.01, in part due to higher inventory levels. "We have a bit more carryover inventory than last year, which we've...
General Motors Co. (GM) withdrew its full-year guidance in its third-quarter earnings report amid uncertainty surrounding the United Auto Workers (UAW) strike. The automaker reported net income of $3.06 billion in the third quarter, down 7% from a year ago, in part due to disruptions caused...
Legacy automaker F posted better-than-expected second-quarter earnings and raised their respective 2023 projections. During the second quarter, F’s revenues rose 11.9% year-over-year to $44.95 billion, and automotive revenues peaked at $42.43 billion, surpassing the $40.38 billion estimate. The ...