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”
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
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, Cadillac, Baojun 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.
