GM Reports Strong First-Quarter 2021 Results
May 5, 2021 by General Motors![GM Reports Strong First-Quarter 2021 Results](images/articleimages/gm-first-quarter-2021-400.jpg)
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•Net income margin of 0.9 percent, and EBIT-adjusted margin of 3.8 percent •Automotive operating cash flow of $0.3 billion, and adjusted automotive free cash flow of $(0.9) billion•EPS-diluted of $0.17, and EPS-diluted-adjusted of $0.62** •GM North America EBIT-adjusted of $2.2 billion, and EBIT-adjusted margin of 8.5 percent •GM International EBIT-adjusted of $(0.6) billion, including China Equity Income of $(0.2) billion •GM Financial EBT-adjusted of $0.2 billion * EPS-diluted and EPS-diluted-adjusted include a $0.08 gain from Stellantis (formerly PSA) and Lordstown Motor Corporation. **EPS-diluted and EPS-diluted-adjusted includes a $(0.28) impact from Lyft and Stellantis revaluations. 2021 guidance •Full-year EPS-dilued of between $4.28 and $5.03, and EPS-diluted-adjusted of between $4.50 and $5.25 •Full-year net income of between $6.8 billion and $7.6 billion, and EBIT-adjusted of between $10.0 billion and $11.0 billion •Six months ending June 30, 2021 net income of &$3.5 billion, and EBIT-adjusted of &$5.5 billion
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