General Motors Company ( (GM) ) has released its Q4 earnings. Here is a breakdown of the information General Motors Company presented to its investors.
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General Motors Company (NYSE: GM) is a leading automotive manufacturer specializing in producing a wide range of vehicles, including gasoline-powered and electric models, under its Buick, Cadillac, Chevrolet, and GMC brands, with a strong focus on technological advancement and sustainability in the transportation sector.
General Motors recently released its financial results for the full year and fourth quarter of 2024, reporting a net income attributable to shareholders of $6.0 billion for the year. However, the company faced challenges in the fourth quarter, resulting in a net loss of $3.0 billion, largely due to special charges, including restructuring and impairment costs related to its China joint ventures and the discontinuation of its Cruise robotaxi business.
Key financial metrics for 2024 show an EBIT-adjusted of $14.9 billion, surpassing the initial guidance. GM’s automotive operating cash flow for the year was robust at $23.9 billion, and its adjusted automotive free cash flow reached $14.0 billion, both exceeding expectations. Despite a decrease in net income and EPS from the previous year, GM’s earnings per share-adjusted improved significantly, reflecting strategic adjustments and operational efficiencies.
Looking ahead, GM provides a confident outlook for the year 2025, projecting a net income attributable to stockholders between $11.2 billion to $12.5 billion and an EBIT-adjusted range of $13.7 billion to $15.7 billion. The company plans to continue its investments in electric vehicle and battery technology, with anticipated capital spending of $10.0 billion to $11.0 billion.
GM management remains optimistic about achieving strong financial performance in 2025, driven by a stable policy environment in North America and reduced expenses in its Cruise operations. The company is committed to maintaining its focus on innovation and sustainability as it navigates the evolving automotive landscape.
