General Motors Co

GM

Equity

ISIN US37045V1008 / Valor 11665971

New York Stock Exchange, Inc (2024-12-11)

USD 52.04-1.33%

General Motors Co
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About company

General Motors Co is a multinational automotive company headquartered in Detroit, Michigan, with a global presence and a diverse workforce. The company is known for its wide range of vehicles, including cars, trucks, and SUVs, as well as its advanced technology and innovation in the automotive industry. With a long history of manufacturing quality vehicles, General Motors continues to be a leader in the automotive market, providing customers with reliable and innovative transportation solutions.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

General Motors Co. reported a revenue of $48.0 billion for the second quarter of 2024, marking a 7.2% increase from the $44.7 billion reported in the same quarter of 2023. This growth reflects the company's strong sales performance and market demand.

Net Income

In the second quarter of 2024, General Motors Co. achieved a net income attributable to stockholders of $2.9 billion, up 14.3% from $2.6 billion in the second quarter of 2023. This increase in net income highlights the company's improved profitability.

EBIT-Adjusted

General Motors Co. reported an EBIT-adjusted of $4.4 billion for the second quarter of 2024, a significant 37.2% increase compared to $3.2 billion in the same period of the previous year. This improvement underscores the company's operational efficiency and cost management.

EPS-Diluted

The EPS-diluted for General Motors Co. in the second quarter of 2024 was $2.55, representing a 39.3% increase from $1.83 in the second quarter of 2023. This rise in earnings per share indicates enhanced shareholder value and profitability.

Updated Full-Year Guidance

General Motors Co. has updated its full-year 2024 earnings guidance, now expecting net income attributable to stockholders between $10.0 billion and $11.4 billion, and EBIT-adjusted between $13.0 billion and $15.0 billion. This revision reflects the company's optimistic outlook for the remainder of the year.

Summarized from source with an LLMView Source

Key figures

55.0%1Y

-17.7%3Y

47.7%5Y

Performance

31.6%1Y

37.2%3Y

42.9%5Y

Volatility