GM releases 2023 fourth-quarter and full-year results, and 2024 guidance

GM releases 2023 fourth-quarter and full-year results, and 2024 guidance

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Normal Motors Co. in the present day reported fourth-quarter 2023 income of $43.0 billion, internet revenue attributable to stockholders of $2.1 billion and EBIT-adjusted of $1.8 billion

Normal Motors Co. in the present day reported fourth-quarter 2023 income of $43.0 billion, internet revenue attributable to stockholders of $2.1 billion and EBIT-adjusted of $1.8 billion.

GM reported full-year 2023 income of $171.8 billion, internet revenue attributable to stockholders of $10.1 billion and EBIT-adjusted of $12.4 billion.

The chart beneath summarizes GM’s 2023 monetary steering and 2023 outcomes, in addition to the corporate’s 2024 steering, which is for a yr of sturdy monetary efficiency.

Closing 2023 Steering 2023 Outcomes 2024 Steering
Internet revenue attributable to stockholders $9.1 billion – $9.7 billion $10.1 billion $9.8 billion – $11.2 billion
EBIT-adjusted $11.7 billion – $12.7 billion $12.4 billion $12.0 billion – $14.0 billion
Automotive working money movement $19.5 billion – $21.0 billion $20.8 billion $18.0 billion – $21.0 billion
Adjusted automotive free money movement $10.5 billion – $11.5 billion $11.7 billion $8.0 billion – $10.0 billion
EPS-diluted* $6.52 – $7.02 $7.32 $8.50 – $9.50
EPS-diluted-adjusted* $7.20 – $7.70 $7.68 $8.50 – $9.50

*2024 steering contains an estimated $1.45 per share influence from the corporate’s accelerated share repurchase program (initiated in November 2023) primarily based on present share worth and offset by $0.50 from the next tax fee and decrease curiosity revenue. It assumes a full-year weighted-average diluted share depend barely beneath 1.15 billion shares.

GM’s 2024 monetary steering contains anticipated capital spending of $10.5 billion – $11.5 billion, inclusive of investments within the firm’s battery cell manufacturing joint ventures.

SOURCE: GM

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