GM Posts Record 2024 EBIT, EPS and Cash Flow

GM Full-Year 2024 results and 2025 guidance – courtesy of and copyright GM 28 Jan 2025

Ken Zino of AutoInformed.com on GM Posts Record 2024 EBIT, EPS and Cash Flow

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“A year ago, I said that we were optimistic about 2024 given the choice we would offer customers, including industry-leading full-size pickups, new and redesigned SUVs and an expanding portfolio of EVs, said GM Chair and CEO Mary Barra. “I also said that we would focus on execution and profitability, and our performance has been consistently strong. We grew full-year revenue 9%, once again we led the U.S. market in total, retail, and fleet deliveries, we grew our market share, and we distanced ourselves from the industry’s pricing, incentive, and inventory pressures. We doubled our EV market share over the course of the year as we scaled production, and our portfolio became variable profit positive in the fourth quarter. In China, we reported positive equity income for the fourth quarter before restructuring costs, and we’re taking steps with our partner to improve from there. This combination of compelling vehicles in high volume and growing segments, strong execution, and discipline led directly to record EBIT-adjusted, record adjusted automotive free cash flow, and record EPS-diluted-adjusted,” Barra said.

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