GM Posts 2023 Q1 Revenues of $40B, Earnings of $2.4B

GM Q1 2023 Financial Results EBIT adjusted – Courtesy of GM Invetor Relations

Ken Zino of AutoInformed.com on GM Posts 2023 Q1 Revenues of $40B, Earnings of $2.4B

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*GM Updated full-year 2023 Earnings Guidance:
• U.S. GAAP net income attributable to stockholders of $8.4 billion-$9.9 billion, compared to the earlier outlook of $8.7 billion-$10.1billion, including $0.9 billion of charges related to the voluntary separation program.
• EBIT adjusted $11.0 billion-$13.0 billion, compared to the previous outlook of $10.5 billion-$12.5 billion.
• U.S. GAAP net automotive cash provided by operating activities of $16.5 billion-$20.5 billion, compared to the previous outlook of $16.0 billion-$20.0 billion.
• Adjusted automotive free cash flow of $5.5 billion-$7.5 billion, compared to the previous outlook of $5.0 billion-$7.0 billion.

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