General Motor's Q2 Earnings: Revenue Beat, Hikes Annual Outlook But Faces Challenges In EVs And China
General Motor's Q2 Earnings: Revenue Beat, Hikes Annual Outlook But Faces Challenges In EVs And China
On Tuesday, General Motors Company (NYSE: GM) reported a fiscal second-quarter 2024 sales growth of 7.2% year-on-year to $47.97 billion, beating the analyst consensus estimate of $45.30 billion.
週二，通用汽車公司（紐交所：GM）報告，2024財年第二季度銷售額同比增長7.2％，達到479.7億美元，超過分析師共識預期的453億美元。
The adjusted EPS of $3.06 beat the analyst consensus estimate of $2.72.
調整後的每股收益爲3.06美元，超過分析師預期的2.72美元。
General Motors' market share reached 8.4% for the quarter, compared to 9.1% a year ago. In the U.S., the share changed to 16.6%, up from 16.4%. Its share in China reached 6.4%, down from 8.6% a year earlier.
通用汽車本季度的市場份額爲8.4%，較去年同期的9.1%有所下降。在美國市場，份額從16.4%上升至16.6%。其在中國市場份額爲6.4%，較去年同期的8.6%下降。
Adjusted EBIT for the quarter improved by 37.2% to $4.40 billion, with an adjusted EBIT margin of 9.3%, up by 210 bps. Net income margin was 6.1% versus 5.7% a year ago.
本季度調整後的利潤增長了37.2%至44億美元，調整後利潤率爲9.3%，較去年同期增長了210個點子。淨利潤率爲6.1%，較去年同期的5.7%有所增加。
The company held $30.83 billion in cash and equivalents as of June 30, 2024. The adjusted automotive free cash flow was $5.3 billion.
截至2024年6月30日，通用汽車持有現金及等價物308.3億美元。調整後的汽車自由現金流爲53億美元。
General Motors CFO Paul Jacobson told CNBC that the automaker expects to see some seasonally higher commodity costs and some pricing headwinds it assumed in the second half of the year.
通用汽車首席財務官保羅·雅各布森告訴CNBC automaker，它預計將看到一些季節性較高的商品成本和一些定價的逆風，這些都是它在下半年預計的。
General Motors told CNBC that it is pausing production of its Cruise Origin autonomous vehicle, leading to a $600 million special charge in the second quarter. It also shared its plans for a joint venture in China with SAIC, including a $104 million loss in equity income during the second quarter.
通用汽車告訴CNBC，它正在暫停Cruise Origin自動駕駛汽車的生產，導致第二季度特別費用爲6000萬美元。同時，它還分享了與上汽在中國的合資計劃，包括第二季度股權收益損失10400萬美元的計劃。
Jacobson told CNBC that General Motors' North American operations, driven by truck sales for the company's second-quarter beat and guidance raise. At the same time, it failed to return to profitability in China.
雅各布森告訴CNBC，通用汽車北美業務推動了該公司第二季度的銷售增長和指導加強。與此同時，它未能在中國實現盈利。
General Motors' electric vehicle deliveries during the quarter grew by 40% year over year to 21,930 units. However, EVs accounted for only 3.2% of its second-quarter U.S. sales.
通用汽車本季度的新能源車交付量同比增長40%，達到21930輛。然而，新能源車僅佔其第二季度美國銷售額的3.2%。
Jacobson reconfirmed to CNBC that General Motors expects its EVs to be profitable on a production or contribution-margin basis once it reaches 200,000 units by the fourth quarter.
雅各布森再次向CNBC確認，通用汽車預計在第四季度達到200,000輛的新能源車生產或貢獻邊際基礎上實現盈利。
FY24 Guidance raise: General Motors projects adjusted EPS of $9.50 – $10.50 (prior $9.00 – $10.00) versus consensus of $9.72.
FY24指導加強：通用汽車預計調整後每股收益爲9.50美元-10.50美元（之前爲9.00美元-10.00美元），超過分析師預期的9.72美元。
The company projects adjusted automotive free cash flow of $9.5 billion—$11.5 billion (prior $8.5 billion—$10.5 billion) and reiterated capital spending of $10.5 billion—$11.5 billion.
該公司預計調整後的汽車自由現金流爲95億美元-115億美元（之前爲85億美元-105億美元），並重申了105億美元-115億美元的資本支出。
Despite slower-than-expected adoption, General Motors continues to target production and vehicle wholesales of 200,000 and 250,000 all-electric vehicles in North America.
儘管採用速度較慢，但通用汽車仍目標在北美生產和銷售200,000輛和250,000輛全電動汽車。
Price Action: GM shares were trading higher by 2.70% at $50.90 premarket at the last check on Tuesday.
市盈率表現：週二最後一次交易時，通用汽車股價以2.70%的漲幅交易，報50.90美元/股。
Photo via Shutterstock
圖片來自shutterstock。