GM Reports Strong Second-Quarter 2021 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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-diluted 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
See below for reconciliations of non-GAAP measures to their most directly comparable GAAP measures or visit the
GM Reports STRONG 1Q 2021 Results - Way To Go Mary!
DETROIT – General Motors Co. 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.
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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