GM Reports First-Quarter 2022 Results

General Motors Co. (NYSE: GM) today reported first-quarter earnings driven by improved production and robust customer demand in North America.  GM expects full-year 2022 net income in a range of $9.6 billion-$11.2 billion and is reaffirming its earnings guidance of EBIT-adjusted in a range of $13.0 billion-$15.0 billion.

Results Overview

  • EPS-diluted and EPS-diluted-adjusted include a $(0.11) and $0.08 impact from revaluation on equity investments in the three months ended March 31, 2022 and 2021.

2022 Guidance

  • Full-year EPS-diluted of between $5.76 and $6.76, and EPS-diluted-adjusted of between $6.50 and $7.50
  • Full-year net income of between $9.6 billion and $11.2 billion, and EBIT-adjusted of between $13.0 billion and $15.0 billion

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