GM Q1 2022 Earnings

Discussion in 'GM' started by xcel, Apr 27, 2022.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    GM reported 2022 first-quarter earnings. GM expects full-year 2022 net income in a range of $9.6 billion-$11.2 billion and is reaffirming its earnings guidance of EBIT-adjusted in a range of $13.0 billion-$15.0 billion USD.

    _______________________________________Three Months Ended
    ($M) except where noted__________________March 31, 2022______March 31, 2021_______Change
    Revenue________________________________$35,979____________$32,474______________$3,505
    Net income attributable to stockholders_____$2,939_____________$3,022_______________$(83)
    EBIT-adjusted____________________________$4,044_____________$4,417_______________$(373)
    Net income margin_______________________8.2 %_______________9.3%________________(1.1) ppts
    EBIT-adjusted margin_____________________11.2%______________13.6%________________(2.4) ppts
    Automotive operating cash flow____________$1,635_____________$(1,096)______________$2,731
    Adjusted automotive free cash flow_________$6________________$(1,932)______________$1,938
    EPS-diluted(a)___________________________$1.35______________$2.03________________$(0.68)
    EPS-diluted-adjusted(a)___________________$2.09______________$2.25________________$(0.16)
    GMNA EBIT-adjusted______________________$3,141_____________$3,134_______________$7
    GMNA EBIT-adjusted margin_______________10.7%_______________12.1%_______________(1.4) ppts
    GMI EBIT-adjusted________________________$328_______________$308________________$20
    China equity income______________________$234_______________$308________________$(74)
    GM Financial EBT-adjusted_________________$1,284_____________$1,182______________$102

    (a)EPS-diluted and EPS-diluted-adjusted include a $(0.11) and $0.08 impact from revaluation on equity investments in the three months ended March 31, 2022 and 2021.

    2022 Guidance

    Full-year EPS-diluted of between $5.76 and $6.76, and EPS-diluted-adjusted of between $6.50 and $7.50
    Full-year net income of between $9.6 billion and $11.2 billion, and EBIT-adjusted of between $13.0 billion and $15.0 billion
     

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