GM Earns $2.1 Billion in Q4, $17.8 Billion for Full Year 2023

GM 2024 Financial Guidance – courtesy of and copyright GM – 30 January 2024

Ken Zino of AutoInformed.com on GM Earns $2.1 Billion in Q4, $17.8 Billion for Full Year 2023

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GM 2024 guidance includes an estimated $1.45 per share impact from the company’s accelerated share repurchase program (initiated November 2023) based on current share price and offset by $0.50 from a higher tax rate and lower interest income. It assumes a full-year weighted-average diluted share count slightly below 1.15 billion shares. GM’s 2024 financial guidance includes anticipated capital spending of $10.5 billion – $11.5 billion, inclusive of investments in the company’s battery cell manufacturing joint ventures.

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