GM Reports 2021 Full-Year and Fourth-Quarter Results, Including Record Earnings

GM Reports Full Year and fourth quarter earnings.
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DETROIT General Motors Co. (NYSE: GM) Today GM reports 2021 full-year earnings that include net income of $10 billion, EBIT-adjusted of $14.3 billion, net income margin of 7.9%, EBIT-adjusted margin of 11.3%, EPS-diluted of $6.70 and EPS-diluted-adjusted of $7.07. GM reports full-year net income, EBIT-adjusted, EBIT-adjusted margin and EPS measures are all records.

GM’s fourth-quarter results include net income of $1.7 billion, net income margin of 5.2%, EPS-diluted of $1.16, EPS-diluted-adjusted of $1.35, EBIT-adjusted of $2.8 billion and EBIT-adjusted margin of 8.5%.

The company expects full-year 2022 net income to be in a range of $9.4 billion – $10.8 billion and EBIT-adjusted to be in a range of $13.0 billion – $15.0 billion, assuming continued steady demand for new vehicles and no significant new economic or supply chain challenges.

Mary Barra – GM’s Chair and CEO said:” By going all-in to build and EV and AV ecosystem, we are expanding the scale, scope and profitability of our business, and extending our transportation leadership into the future”

GM Reports Full Year Earnings for 2021 - Highlights

2022 guidance

  • Full-year EPS-diluted and EPS-diluted-adjusted of between $6.25 and $7.25
  • Full-year net income of between $9.4 billion and $10.8 billion, and EBIT-adjusted of between $13.0 billion and $15.0 billion
Conference call for investors and analysts Mary Barra and Chief Financial Officer Paul Jacobson will host a conference call for investors and analysts at 5 p.m. ET today to discuss GM reports and the company’s growth strategy. 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
  • Name of call: General Motors Q4 2021 Earnings Call

General Motors 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, CadillacBaojun 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.