GM Reports $3 Billion Q1 2021 Profit

FenwickHockey65 · 05-05-2021, 10:23 PM

GM Reports Strong First-Quarter 2021 Results
General Motors

May 5, 2021

DETROIT – General Motors Co. (NYSE: GM) today reported first-quarter earnings driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, and the industry recovery in China. The company is highly confident in its full-year 2021 guidance outlined earlier this year as it works to manage through the semiconductor shortage, which is impacting automakers globally. Based on information available today, the company expects to be at the higher-end of the EBIT-adjusted range.

First-quarter 2021 results overview

Revenue of $32.5 billion
Net income of $3.0 billion, and EBIT-adjusted of $4.4 billion
Net income margin of 9.3 percent, and EBIT-adjusted margin of 13.6 percent
Automotive operating cash flow of $(1.1) billion, and adjusted automotive free cash flow of $(1.9) billion
EPS-diluted of $2.03, and EPS-diluted-adjusted of $2.25*
GM North America EBIT-adjusted of $3.1 billion, and EBIT-adjusted margin of 12.1 percent
GM International EBIT-adjusted of $0.3 billion, including China Equity Income of $0.3 billion
GM Financial EBT-adjusted of $1.2 billion

First-quarter 2020 results overview

Revenue of $32.7 billion
Net income of $0.3 billion, and EBIT-adjusted of $1.2 billion
Net income margin of 0.9 percent, and EBIT-adjusted margin of 3.8 percent
Automotive operating cash flow of $0.3 billion, and adjusted automotive free cash flow of $(0.9) billion
EPS-diluted of $0.17, and EPS-diluted-adjusted of $0.62**
GM North America EBIT-adjusted of $2.2 billion, and EBIT-adjusted margin of 8.5 percent
GM International EBIT-adjusted of $(0.6) billion, including China Equity Income of $(0.2) billion
GM Financial EBT-adjusted of $0.2 billion

2021 guidance

Full-year EPS-dilued of between $4.28 and $5.03, and EPS-diluted-adjusted of between $4.50 and $5.25
Full-year net income of between $6.8 billion and $7.6 billion, and EBIT-adjusted of between $10.0 billion and $11.0 billion
Six months ending June 30, 2021 net income of ~$3.5 billion, and EBIT-adjusted of ~$5.5 billion

05-05-2021, 10:23 PM	#1
FenwickHockey65 General Motors Aficionado Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008 Location: Florida Posts: 37,371 View My Garage	GM Reports $3 Billion Q1 2021 Profit GM Reports Strong First-Quarter 2021 Results General Motors May 5, 2021 DETROIT – General Motors Co. (NYSE: GM) today reported first-quarter earnings driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, and the industry recovery in China. The company is highly confident in its full-year 2021 guidance outlined earlier this year as it works to manage through the semiconductor shortage, which is impacting automakers globally. Based on information available today, the company expects to be at the higher-end of the EBIT-adjusted range. First-quarter 2021 results overview Revenue of $32.5 billion Net income of $3.0 billion, and EBIT-adjusted of $4.4 billion Net income margin of 9.3 percent, and EBIT-adjusted margin of 13.6 percent Automotive operating cash flow of $(1.1) billion, and adjusted automotive free cash flow of $(1.9) billion EPS-diluted of $2.03, and EPS-diluted-adjusted of $2.25* GM North America EBIT-adjusted of $3.1 billion, and EBIT-adjusted margin of 12.1 percent GM International EBIT-adjusted of $0.3 billion, including China Equity Income of $0.3 billion GM Financial EBT-adjusted of $1.2 billion First-quarter 2020 results overview Revenue of $32.7 billion Net income of $0.3 billion, and EBIT-adjusted of $1.2 billion Net income margin of 0.9 percent, and EBIT-adjusted margin of 3.8 percent Automotive operating cash flow of $0.3 billion, and adjusted automotive free cash flow of $(0.9) billion EPS-diluted of $0.17, and EPS-diluted-adjusted of $0.62** GM North America EBIT-adjusted of $2.2 billion, and EBIT-adjusted margin of 8.5 percent GM International EBIT-adjusted of $(0.6) billion, including China Equity Income of $(0.2) billion GM Financial EBT-adjusted of $0.2 billion 2021 guidance Full-year EPS-dilued of between $4.28 and $5.03, and EPS-diluted-adjusted of between $4.50 and $5.25 Full-year net income of between $6.8 billion and $7.6 billion, and EBIT-adjusted of between $10.0 billion and $11.0 billion Six months ending June 30, 2021 net income of ~$3.5 billion, and EBIT-adjusted of ~$5.5 billion __________________ 2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued)

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