GM: Q4 EPS up more than 50%
(CercleFinance.com) - General Motors (GM) reports Q4 adjusted EPS up 54.
8% to $1.92 and adjusted EBIT up 42.8% to $2.51bn, representing a 1.2-point improvement in its margin to 5.3% on revenues that rose up 11% to $47.7bn. NB: pmt -0.4%.
The combination of attractive vehicles in growth and high-volume segments, solid execution and discipline led directly to record adjusted EBIT and adjusted diluted EPS for the year, managemant said.
For the year ahead, the automaker expects adjusted EPS of between $11 and $12 and adjusted EBIT of between $13.7bn and $15.7bn, compared with $10.60 and $14.9bn respectively for FY 2024.
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