Profitelligence Profitelligence · Filing Ledger Open GM research →

Form 8-K · Current Report · Filed 2024-04-23

GM Announces Strong Q1 2024 Results and Raises Full-Year Guidance

General Motors reported a strong first quarter of 2024 with revenue of $43.0 billion, net income of $3.0 billion, and adjusted EBIT of $3.9 billion.

Filer
General Motors Co. GM · NYSE
Filed
Accession
0001467858-24-000074
CIK
0001467858
Signal
High impactConsumer Cyclical

Details

The company also raised its full-year earnings guidance, indicating robust financial performance and outlook. Financial highlights and a news release are furnished as Exhibit 99.1.

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Beat Raised Guidance
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$43.21

Next session

+4.3%

Since filing

+105.6%

Latest close

$88.86

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from GM reporting the same item, with the next session's move:

Exhibits (1)

About General Motors Co.

General Motors Co. is a prominent American multinational corporation specializing in the design, manufacturing, and distribution of vehicles and vehicle parts. Primarily known for its influential brands such as Chevrolet, Buick, GMC, and Cadillac, General Motors plays a vital role in the automotive industry worldwide. The company is headquartered in Detroit, Michigan, and operates numerous production facilities across North America and various parts of the globe. A key characteristic of General Motors is its focus on advancing automotive innovation, including the development of electric and autonomous vehicles. The company is at the forefront of the transition towards sustainable transportation solutions, contributing to broader industry efforts to reduce carbon emissions. Besides its commitment to innovation, General Motors Co. plays a significant role in the global automotive supply chain, influencing multiple related sectors such as technology, steel, and consumer finance. General Motors continues to be a crucial player in the automotive sector, impacting economies and mobility solutions worldwide with its comprehensive range of vehicles and forward-thinking approaches.

Exchange NYSE Industry Auto Manufacturers Company website ↗

Never miss another GM filing

Profitelligence watches EDGAR around the clock and alerts you within seconds.

Set up free alerts