Detroit automaker General Motors (GM) has announced fourth quarter 2024 financial results that beat Wall Street’s expectations across the board.
The company reported earnings per share (EPS) of $1.92 U.S., which was ahead of the consensus forecast of $1.89 U.S.
Revenue during the final quarter of last year totaled $47.70 billion U.S., which topped the $43.93 billion U.S. that had been expected on Wall Street.
Along with its strong Q4 2024 results, General Motors also offered bullish forward guidance.
The car manufacturer said it expects net income attributable to stockholders of $11.20 billion U.S. to $12.50 billion U.S., or $11 U.S. to $12 U.S. in earnings per share.
General Motors also forecast adjusted automotive free cash flow of $11 billion U.S. to $13 billion U.S.
Management said that they believe the automaker will have a strong year in 2025 despite industry sales slowing, a restructuring of operations in China, and increased geopolitical and regulatory uncertainty.
However, executives at the company cautioned that the 2025 guidance does not include potential regulatory changes such as tariffs on vehicle imports or tax reform in the U.S.
Aside from its financial results, General Motors said that it expects to continue rolling out new electric vehicles this year, which the company said reached profitability on a production basis during the fourth quarter of last year.
The automaker expects a $2 billion U.S. to $4 billion U.S. improvement this year compared with 2024, based on sales of about 300,000 electric vehicles.
That projection would be a 59% increase from the 189,000 electric vehicles sold in 2024.
The stock of General Motors has risen 55% over the last 12 months to trade at $54.92 U.S. per share.
