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

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

by admin
January 30, 2024
in Auto News
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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 under 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.

Remaining 2023 Steering2023 Outcomes2024 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 circulate$19.5 billion – $21.0 billion$20.8 billion$18.0 billion – $21.0 billion
Adjusted automotive free money circulate$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 consists of an estimated $1.45 per share affect from the corporate’s accelerated share repurchase program (initiated in November 2023) based mostly 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 rely barely under 1.15 billion shares.

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

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

SOURCE: GM



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