GM Reports Third-Quarter 2022 Results
Style Magazine Newswire | 11/2/2022, 2:56 p.m.
General Motors Co. (NYSE: GM) today reported third-quarter net income attributable to stockholders of $3.3 billion and EBIT-adjusted of $4.3 billion driven by record third-quarter revenue of $41.9 billion. GM reaffirms its full-year earnings guidance.
Downloads
GM Chair and CEO Mary Barra's letter to shareholders
Detailed quarterly results with year-over-year comparisons
Results Overview
2022 Guidance
*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
*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 automotive cash provided by operating activities guidance range of between $16.0 billion and $19.0 billion, and adjusted automotive free cash flow guidance range of between $7.0 billion and $9.0 billion
See below for reconciliations of non-GAAP measures to their most directly comparable GAAP measures or visit the GM Investor Relations website for complete details.
Conference Call for Investors and Analysts
GM Chair and CEO Mary Barra and Chief Financial Officer Paul Jacobson will host a conference call for investors and analysts at 8:30 a.m. ET today to discuss these results. Introductory remarks will be followed by a question-and-answer session.
Those who wish to listen to the call may dial in using the following numbers:
United States: 1-800-857-9821
International: +1-517-308-9481
Conference call passcode: General Motors
General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.