General Motors (GM) has reported a robust financial performance for the fourth quarter, surpassing Wall Street’s expectations. The company’s 2025 financial guidance projects net income for stockholders between $11.2 billion and $12.5 billion, with earnings per share expected to be between $11 and $12. Adjusted earnings before interest and taxes (EBIT) are forecasted at $13.7 billion to $15.7 billion, and adjusted automotive free cash flow is projected to be between $11 billion and $13 billion. These figures align with or exceed many Wall Street forecasts, which had anticipated adjusted earnings around $14 billion.
In 2024, GM achieved record adjusted EBIT of $14.9 billion, or $10.60 adjusted EPS, and net income of $6 billion, or $6.37 EPS. However, the year’s net income was impacted by a $3 billion loss in the fourth quarter, including $5 billion in special charges like $4 billion in noncash restructuring charges related to China operations and $500 million from stopping funding for its Cruise robotaxi business.
GM’s revenue for 2024 increased by 9.1% to $187.44 billion. North American operations saw an 18.1% increase in adjusted earnings to $14.53 billion, while international operations reported a 75% decrease to $303 million. The company’s equity income from China was a loss of $4.41 billion due to restructuring.
Looking ahead, GM expects to improve EV profitability, targeting a $2 billion to $4 billion increase in 2025, based on selling about 300,000 electric vehicles, a 59% increase from 2024’s 189,000 units. The company also plans to manage its debt, including $1.75 billion maturing this year, and continue shareholder value returns.
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