GM demonstrated strong financial performance and growth, particularly in the U.S. market and its EV segment, with disciplined capital allocation. However, challenges in China, increased warranty costs, and potential policy risks present significant concerns.

Company Guidance

In the General Motors Company Fourth Quarter and Calendar Year 2024 Earnings Conference Call, GM provided guidance for 2025 with several key financial metrics. The company expects EBIT-adjusted to range between $13.7 billion and $15.7 billion and EPS-diluted-adjusted between $11 and $12 per share. Adjusted automotive free cash flow is forecasted to be in the range of $11 billion to $13 billion. GM achieved a record full-year revenue of $187 billion in 2024, up 9% year-over-year, with a strong performance in both ICE and EV segments. The company also reported a record EBIT-adjusted of $14.9 billion and adjusted automotive free cash flow of $14 billion. In 2025, GM plans to wholesale approximately 300,000 EVs, with continued improvements in EV profitability and a target of achieving a positive EBIT margin. Despite uncertainties such as potential changes in public policy and tariffs, GM remains focused on disciplined pricing, market share growth, and capital allocation to ensure long-term profitability and shareholder returns.

Record-Breaking Financial Results

Full year revenue grew by 9% year-over-year, with EBIT-adjusted at $14.9 billion, record adjusted automotive free cash flow, and record EPS-diluted-adjusted at $10.60, up 38% year-over-year.

Strong Performance in the U.S. Market

GM was #1 in the U.S. in retail, fleet, and total sales, growing market share by 30 basis points to 16.5% for the full year, with 17.5% in Q4, the highest since 2018 excluding pandemic impacts.

Significant Growth in EV Business

GM wholesaled 189,000 EVs in North America, doubling its market share over the year and achieving variable profit positive in Q4.

Improvements in EV Profitability

The Equinox EV saw a $1,000 improvement in variable profit since launch in Q2 2024, with plans to approach $2 billion in total annual revenue from Super Cruise within five years.

Successful Capital Allocation

GM returned nearly 55% of its free cash flow to shareholders, achieving its goal of reducing share count below 1 billion shares ahead of schedule.

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General Motors (DE:8GM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:8GM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 25, 2018	2018 (Q2)	- / 1.74	1.82	-4.23% (-0.08)	―	―
Oct 31, 2018	2018 (Q3)	- / 1.80	1.271	41.67% (+0.53)	―	―
Feb 06, 2019	2018 (Q4)	- / 1.38	1.589	-13.33% (-0.21)	―	―
Apr 30, 2019	2019 (Q1)	- / 1.36	1.377	-1.40% (-0.02)	―	―
Aug 01, 2019	2019 (Q2)	- / 1.58	1.743	-9.39% (-0.16)	―	―
Oct 29, 2019	2019 (Q3)	- / 1.66	1.801	-8.02% (-0.14)	―	―
Feb 05, 2020	2019 (Q4)	- / 0.05	1.377	-96.50% (-1.33)	―	―
May 06, 2020	2020 (Q1)	- / 0.60	1.358	-56.03% (-0.76)	―	―
Jul 29, 2020	2020 (Q2)	- / -0.48	1.58	-130.49% (-2.06)	―	―
Nov 05, 2020	2020 (Q3)	- / 2.73	1.657	64.53% (+1.07)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:8GM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 28, 2025	€52.01	€47.33	-9.00%
Oct 22, 2024	€44.92	€49.36	+9.90%
Jul 23, 2024	€44.79	€44.05	-1.67%
Apr 23, 2024	€39.86	€41.88	+5.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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