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General Motors | 10-Q: Q3 2024 Earnings Report

General Motors | 10-Q: Q3 2024 Earnings Report

通用汽车 | 10-Q:2024财年三季报
美股SEC公告 ·  2024/10/23 04:04

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General Motors reported strong financial results for Q3 2024, with total revenue increasing 10.5% to $48.8 billion compared to $44.1 billion in Q3 2023. Net income remained stable at $3.0 billion, while EBIT-adjusted rose 12.9% to $4.1 billion. The company achieved an EBIT-adjusted margin of 9.7% driven by robust vehicle demand and pricing strength.GMNA led the performance with revenue up 14% to $41.2 billion on increased sales of full-size pickup trucks and SUVs. However, GMI revenue declined 18.8% to $3.5 billion due to lower wholesale volumes, while Cruise posted an EBIT loss of $383 million as it refocuses operations. GM Financial revenue grew 10.7% to $4.0 billion with EBT-adjusted of $687 million.Looking ahead, GM maintained its full-year 2024 guidance for net income of $10.4-11.1 billion and EBIT-adjusted of $14.0-15.0 billion. The company continues to invest in its EV transition while leveraging strong ICE vehicle performance. However, GM noted increasing competitive pressures in China and ongoing supply chain challenges that could impact future results.
General Motors reported strong financial results for Q3 2024, with total revenue increasing 10.5% to $48.8 billion compared to $44.1 billion in Q3 2023. Net income remained stable at $3.0 billion, while EBIT-adjusted rose 12.9% to $4.1 billion. The company achieved an EBIT-adjusted margin of 9.7% driven by robust vehicle demand and pricing strength.GMNA led the performance with revenue up 14% to $41.2 billion on increased sales of full-size pickup trucks and SUVs. However, GMI revenue declined 18.8% to $3.5 billion due to lower wholesale volumes, while Cruise posted an EBIT loss of $383 million as it refocuses operations. GM Financial revenue grew 10.7% to $4.0 billion with EBT-adjusted of $687 million.Looking ahead, GM maintained its full-year 2024 guidance for net income of $10.4-11.1 billion and EBIT-adjusted of $14.0-15.0 billion. The company continues to invest in its EV transition while leveraging strong ICE vehicle performance. However, GM noted increasing competitive pressures in China and ongoing supply chain challenges that could impact future results.
通用汽车公布了2024年第三季度强劲的财务业绩,总营业收入较2023年第三季度的441亿增加10.5%,达到488亿。净利润保持稳定,达到30亿,而调整后的EBIT增长了12.9%,达到41亿。公司实现了9.7%的调整后EBIT利润率,得益于强劲的车辆需求和定价优势。GMNA在业绩上领先,营业收入增长14%,达到412亿,主要由于全尺寸皮卡和SUV销量增加。然而,GMI的营业收入下降了18.8%,达到35亿,由于批发销量降低,而Cruise则录得38300万的EBIT亏损,因为它重新聚焦运营。Gm Financial的营业收入增长了10.7%,达到40亿,调整后EBIT为68700万。展望未来,Gm维持了2024年全年的净利润指导为104-111亿,调整后EBIT为140-150亿。公司继续在电动车转型上投资,同时利用强劲的内燃机车辆性能。然而,Gm指出在中国日益增加的竞争压力和持续的供应链挑战可能会影响未来的业绩。
通用汽车公布了2024年第三季度强劲的财务业绩,总营业收入较2023年第三季度的441亿增加10.5%,达到488亿。净利润保持稳定,达到30亿,而调整后的EBIT增长了12.9%,达到41亿。公司实现了9.7%的调整后EBIT利润率,得益于强劲的车辆需求和定价优势。GMNA在业绩上领先,营业收入增长14%,达到412亿,主要由于全尺寸皮卡和SUV销量增加。然而,GMI的营业收入下降了18.8%,达到35亿,由于批发销量降低,而Cruise则录得38300万的EBIT亏损,因为它重新聚焦运营。Gm Financial的营业收入增长了10.7%,达到40亿,调整后EBIT为68700万。展望未来,Gm维持了2024年全年的净利润指导为104-111亿,调整后EBIT为140-150亿。公司继续在电动车转型上投资,同时利用强劲的内燃机车辆性能。然而,Gm指出在中国日益增加的竞争压力和持续的供应链挑战可能会影响未来的业绩。
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