🔹 Adj. EPS: $1.92 (Est. $1.83) 🟢; UP 55% YoY
🔹 Revenue: $47.7B (Est. $44.46B) 🟢; UP +11% YoY
🔹 Adj. EBIT: $2.51B (Est. $2.39B) 🟢; UP +43% YoY
🔹 Adj. Auto FCF: $1.82B (Est. $1.19B) 🟢; UP +36% YoY
🔹 Cruise Revenue: $181M (Est. $26M) 🟢; UP +624% YoY
FY25 Guidance
🔸 Adj. EPS: $11-$12 (Est. $10.60) 🟢
🔸 Adj. EBIT: $13.7B-$15.7B (Est. $13.58B) 🟢
🔸 Adj. Auto Free Cash Flow: $11B-$13B
🔸 Net Income: $11.2B-$12.5B (Est. $10.63B) 🟢
🔸 Auto Operating Cash Flow: $21B-$24B
Q4 Segment Highlights
🔸 Automotive Revenue: $43.6B (Est. $39.62B) 🟢; UP +11% YoY
🔸 GM Financial Revenue: $4.11B (Est. $3.84B) 🟢; UP +9.9% YoY
🔸 North America Adj. EBIT: $2.27B (Est. $2.5B) 🔴; UP +13% YoY
Global Sales:
🔸 GMNA Vehicle Sales: 876,000 units (Est. 796,289) 🟢; UP +12% YoY
🔸 GMI Vehicle Sales: 163,000 units (Est. 151,456) 🟢; UP +1.2% YoY
Strategic Updates:
🔸 Cruise Business Update: Ceased funding for Cruise robotaxi, incurring $0.5B in charges.
🔸 China Ventures: $4B in impairment charges related to certain China joint ventures.
🔸 Battery Investments: Included in the guidance are $10B-$11B capital expenditures, focused on EV and battery cell joint ventures.
CEO Commentary:
🔸 Mary Barra: "Despite Q4 challenges, GM delivered solid FY2024 results, with robust EBIT margins and free cash flow growth, while strengthening investments in EVs and battery production for a sustainable future."
