General Motors Co. today reported fourth-quarter 2023 revenue of $43.0 billion, net income attributable to stockholders of $2.1 billion and EBIT-adjusted of $1.8 billion
General Motors Co. today reported fourth-quarter 2023 revenue of $43.0 billion, net income attributable to stockholders of $2.1 billion and EBIT-adjusted of $1.8 billion.
GM reported full-year 2023 revenue of $171.8 billion, net income attributable to stockholders of $10.1 billion and EBIT-adjusted of $12.4 billion.
The chart below summarizes GM’s 2023 financial guidance and 2023 results, as well as the company’s 2024 guidance, which is for a year of strong financial performance.
| Final 2023 Guidance | 2023 Results | 2024 Guidance | |
| Net income 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 operating cash flow | $19.5 billion – $21.0 billion | $20.8 billion | $18.0 billion – $21.0 billion |
| Adjusted automotive free cash flow | $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 guidance includes an estimated $1.45 per share impact from the company’s accelerated share repurchase program (initiated in November 2023) based on current share price and offset by $0.50 from a higher tax rate and lower interest income. It assumes a full-year weighted-average diluted share count slightly below 1.15 billion shares.
GM’s 2024 financial guidance includes anticipated capital spending of $10.5 billion – $11.5 billion, inclusive of investments in the company’s battery cell manufacturing joint ventures.
SOURCE: GM
