CSIMarket Company Name, Ticker, Customers, else..


General Motors Company  (GM)
Other Ticker:  
 


 

General Motors Company

GM's Financial Statements and Analysis



General Motors Company reported in the second quarter of 2024 net earnings per share of $2.55 an increase by 39.34 % year on year from $1.83 and decline of -0.39 % from $2.56 earned in I. Quarter (Mar 31 2024).


second quarter of 2024
Earnings Per Share Revenues
$ 2.55 $  47,969 Mill
$+0.72     +39.34 % $+3,223M     +7.2 %



General Motors's Revenue rose by 7.2 % in second quarter of 2024 (Jun 30 2024) year on year, to $47,969 million and advanced by 11.52 % sequentially.


General Motors is

More on GM's Income Statement



General Motors 's net income of $2,877.000 million in the second quarter of 2024 increased by 14.76 % from net earnings of $2,507.000 million achieved in II. Quarter a year ago.

Sequentially net earnings fell by -2.57 % from net income of $2,953.000 million realized in previous quarter.

More on GM's Growth

General Motors Inventories
Inventories declined by -1.71 % to $17,605.00 million from II. Quarter a year ago, sequentially inventories rose by 0.41 %. GM's Cash flow In the second quarter of 2024 company's net cash flow was $4,241 million, capital expenditures fell by -225214.08%, to $-2,569 millions compare to same quarter a year ago

More on GM's Cash flow Statement


General Motors Company payed out dividend of $0.36 per share in last 52 weeks representing 4.04 % of net earning per share in trailing twelve-month period.

During the same period General Motors Company earned $ 16.90 cash per share, on a free-cash flow basis 189.86 % of net earning per share.

Book value grew by 3.43 % sequentially to $62.69 per share, 92.07% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 58.52 per share from $ 56.46.

Company repurchased 15.00 million shares or 1.29 % in Jun 30 2024.
Interest Coverage Ratio was 18.85. Debt Coverage Ratio was 0.21.

• More on GM's Dividends

 Market Capitalization (Millions) 54,649
 Shares Outstanding (Millions) 1,147
 Total Debt (Millions $) 16,331
 Revenue (TTM) (Millions $) 178,094
 Net Income (TTM) (Millions $) 10,817
 Cash Flow (TTM) (Millions $) -1,134
 Capital Exp. (TTM) (Millions $) -11,639
 Dividend TTM ($) 0.36 $
 Dividend Yield TTM (%) 1.01 %
 Employees (TTM) $ 157,000




General Motors Company payed out dividend of $0.36 per share in the last 52 weeks representing 4.04 % of net earning per share in trailing twelve-month period.

During the same period General Motors Company had $ 16.90 cash flow per share, on a free-cash flow basis 189.86 % of net earning per share.

Book value grew by 3.43 % sequentially to $62.69 per share, 92.07% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 58.52 per share from $ 56.46.

Company repurchased 15.00 million shares or 1.29 % in Jun 30 2024.
Interest Coverage Ratio was 18.85. Debt Coverage Ratio was 0.21.

• More on GM's Balance Sheets

 Market Capitalization (Millions) 54,649
 Shares Outstanding (Millions) 1,147
 Total Debt (Millions $) 16,331
 Revenue (TTM) (Millions $) 178,094
 Net Income (TTM) (Millions $) 10,817
 Cash Flow (TTM) (Millions $) -1,134
 Capital Exp. (TTM) (Millions $) -11,639
 Dividend TTM ($) 0.36 $
 Dividend Yield TTM (%) 1.01 %
 Employees (TTM) $ 157,000
   


  News about General Motors Company Earnings

Strategic Acquisitions and Strong Partnerships Driving General Motors Company's Growth in the EV Sector



General Motors Company has recently witnessed an upward trend in its share price, with a 1.29% increase over the past 7 days. Furthermore, the company's shares experienced a decline of -4.82% during the second quarter of 2024. Despite this, General Motors remains just 6.1% short of its 52-week high, indicating potential for further growth. In addition to these stock movements, recent financial results and strategic acquisitions have set the stage for future success.
Successful Acquisition of Multiyear Offtake Agreements:
Nouveau Monde Graphite Inc. (NMG) has made headlines by securing multiyear offtake agreements and a total investment of $87.5 million. The latest anchor customers, Panasoni...

General Motors Boosts Earnings by $857 Million through Income Tax Refund

The stock market has been abuzz with the recent news of General Motors (GM) and EV Connect partnering to streamline the charging experience for GM's electric vehicle (EV) drivers. This collaboration is set to have a positive impact on GM's profitability and the future results of the company.
Despite a slight decrease in revenue in the fourth quarter of 2023, GM managed to raise its earnings per share, which is a promising indicator of the company's financial health. Net profit per share grew by an impressive 13.66% to $1.59 per share, showing that GM's profitability is on an upward trajectory. While revenue did experience a slight decline, it is important to note that the remainder of the EV, Auto and Tr...

GM's Revenue Climbs, but Earnings Take a Hit: What's Behind the Conflicting Figures

GM (General Motors Company) recently released conflicting earnings for the most...

General Motors Company Showcases Remarkable Financial Elevations during Q2 2023, Exhibiting Significant Growth in Revenue and Shares

Over the past five days, the shares of General Motors Financial Company Inc have experienced a drop in value of -3.34%. This decline contributes to a year-to-date performance of 12.12%. Despite this recent setback, the company's shares on the New York Stock Exchange (NYSE) are currently trading 2.7% above their 52-week average.
There is some positive news for General Motors Company, as reflected in its second-quarter 2023 financial report. The company saw a notable improvement in its bottom-line, with a year-on-year jump of 60.53% to $1.83 per share. Additionally, revenue increased by 25.132% to $44.75 billion. When compared to the prior period, income improved by 8.28% from $1.69 per share, and revenue ...


Date modified: 2024-07-24T07:26:13+00:00





Help

About us

Advertise
CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved.

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com