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GM(GM) - 2025 Q1 - Quarterly Results
2025-04-29 11:30
Financial Performance - General Motors reported Q1 2025 revenue of $44.0 billion, a 2.3% increase from $43.0 billion in Q1 2024[4] - Net income attributable to stockholders decreased by 6.6% to $2.8 billion compared to $2.98 billion in the same quarter last year[4] - EBIT-adjusted for Q1 2025 was $3.5 billion, down 9.8% from $3.87 billion in Q1 2024[4] - Automotive operating cash flow fell by 33.2% to $2.4 billion, down from $3.6 billion year-over-year[4] - Adjusted automotive free cash flow decreased by 25.6% to $811 million compared to $1.09 billion in Q1 2024[4] - The company’s net income margin for Q1 2025 was 6.3%, down from 6.9% in Q1 2024, reflecting a 0.6 percentage point decline[4] - GMNA EBIT-adjusted margin decreased to 8.8% from 10.6% year-over-year, a decline of 1.8 percentage points[4] - Net income for the three months ended March 31, 2025, was $2,659 million, compared to a net income of $2,804 million for the same period in 2024, representing a decrease of 5.2%[20] - Net sales and revenue for the three months ended March 31, 2025, were $44,020 million, an increase from $43,014 million in the same period of 2024, representing a growth of 2.3%[25] - EBIT-adjusted for the three months ended March 31, 2025, was $3,490 million, compared to $3,871 million in the same period of 2024, reflecting a decrease of 9.8%[39] - Net income attributable to stockholders for the three months ended March 31, 2025, was $2,784 million, down from $2,980 million in 2024, a decline of 6.6%[39] Cash Flow and Investments - Cash flows from operating activities for Q1 2025 were $2,404 million, a significant decrease from $3,598 million in Q1 2024, reflecting a decline of 33.2%[20] - The company reported expenditures for property of $1,809 million in Q1 2025, down from $2,728 million in Q1 2024, indicating a reduction of 33.7%[20] - Net cash used in investing activities was $2,448 million for Q1 2025, compared to $3,268 million in Q1 2024, showing a decrease of 25.2%[20] - The company reported a net cash provided by operating activities of $1,877 million from GM Financial in Q1 2025, compared to $1,601 million in Q1 2024, indicating an increase of 17.2%[20] - The company reported a net cash used in financing activities of $2,334 million for the three months ended March 31, 2025, compared to a net cash provided of $1,444 million in the same period of 2024[24] Assets and Liabilities - Total current assets increased to $51,760 million as of March 31, 2025, compared to $50,618 million at December 31, 2024, reflecting a growth of 2.3%[16] - Total non-current assets rose to $93,270 million from $90,756 million, marking an increase of 1.8%[16] - Total assets reached $145,030 million, up from $141,374 million, representing a growth of 2.3%[16] - Total liabilities increased to $215,678 million from $214,171 million, a rise of 0.7%[16] - Total stockholders' equity stood at $66,427 million, compared to $65,590 million, indicating an increase of 1.3%[16] - Cash and cash equivalents amounted to $12,021 million, a significant increase from $8,444 million, reflecting a growth of 42.5%[16] - GM Financial receivables, net, decreased to $44,779 million from $46,760 million, a decline of 4.2%[16] - Inventories increased to $15,257 million from $14,569 million, showing a growth of 4.7%[16] - Accounts payable decreased to $27,151 million from $25,446 million, an increase of 6.7%[16] - Long-term debt for Automotive increased to $13,436 million from $13,288 million, reflecting a rise of 1.1%[16] Market Performance - Total vehicle sales for Q1 2025 reached 1,449 thousand units, an increase from 1,348 thousand units in Q1 2024, marking a growth of 7.5%[54] - GM's market share in the U.S. increased to 17.2% in Q1 2025 from 15.4% in Q1 2024[54] - Wholesale vehicle sales in North America for Q1 2025 were 819 thousand units, up from 709 thousand units in Q1 2024, an increase of 15.5%[54] - Fleet sales accounted for 16.5% of total vehicle sales in Q1 2025, compared to 15.5% in Q1 2024[55] Strategic Focus - The company plans to update its full-year 2025 financial guidance in light of recent trade policy changes[2] - General Motors continues to focus on advancing technology for safer and lower emission vehicles, including a broad range of electric vehicles[6] - The company plans to continue its market expansion and product development strategies, particularly in electric vehicles, as indicated by the ongoing investments in joint ventures and technology[32] - The company’s adjusted automotive free cash flow is being monitored closely to ensure liquidity against substantial cash requirements in automotive operations[37] Earnings and Taxation - Diluted earnings per share (EPS) increased by 30.9% to $3.35, up from $2.56 in the prior year[4] - The effective tax rate for Q1 2025 was 20.1%, slightly lower than 20.5% in Q1 2024[46] - The company’s effective tax rate for the three months ended March 31, 2025, was adjusted to reflect changes in income tax expense, which was $719 million compared to $762 million in 2024[39] Other Financial Metrics - Return on equity (ROE) for the trailing four quarters ended March 31, 2025, was 8.6%, down from 15.1% for the same period in 2024[47] - GM's average equity for the four quarters ended March 31, 2025, was $67.9 billion, down from $71.1 billion in the prior year[47] - Equity income related to Ultium Cells Holdings LLC was $241 million for the three months ended March 31, 2025, compared to $156 million in 2024, an increase of 54.4%[27]
GM Q1 Earnings On Tap: 2025 Could Be The Year 'Margins Surprise'
Benzinga· 2025-04-28 17:33
General Motors Co GM is set to report its first-quarter earnings on Tuesday before the market opens. Wall Street expects earnings per share of $2.73 on revenues of $43.15 billion.The stock has gained 2.65% over the past year but remains down 8% year-to-date, as tariff headlines and macro noise kept the auto sector spinning its wheels.Let's take a look at what the charts are signaling for GM stock ahead of earnings.Read Also: Automakers Are Struggling With Tariffs And EV Competition, Say AnalystsGM Technical ...
Austral Gold Announces 2025 Annual General Meeting
Newsfile· 2025-04-28 15:45
Group 1 - Austral Gold Limited is an established gold producer with a focus on building a portfolio of quality assets in the Americas through production, exploration, and equity investments [2] - The company's 2025 Annual General Meeting (AGM) is scheduled for Thursday, 29 May 2025, at 9:00 am AEST in Sydney, Australia [1][4] - Relevant documents for the AGM, including the Notice of AGM and proxy forms, have been dispatched to shareholders and are available on the ASX and the company's website [1][6] Group 2 - Austral Gold continues to advance its growth strategy by developing its attractive portfolio of producing and exploration assets [2][4] - The company is focused on three strategic pillars: production, exploration, and equity investments, which are essential for its growth [2]
Cathay General Bancorp: Fixed Rate Exposure Is Not Currently In Its Favor (Rating Upgrade)
Seeking Alpha· 2025-04-26 07:24
Group 1 - The article discusses the challenges faced by Cathay General Bancorp in increasing its net interest margin due to high deposit costs and a loan-to-deposit ratio close to 100% [1] - The management's limited flexibility in adjusting financial strategies is highlighted, indicating potential difficulties in improving profitability [1] Group 2 - The author emphasizes a fundamental analysis approach, focusing on actual company performance rather than market trends, which is crucial for long-term investment strategies [1] - The article serves as a platform for sharing insights and engaging with the investment community, reflecting the author's commitment to continuous learning in the financial markets [1]
General Dynamics: The Aerospace Jewel Shines Bright In Earnings
Seeking Alpha· 2025-04-25 18:39
Group 1 - General Dynamics reported first quarter results on April 23, showing double-digit growth in revenues [2] - Despite an initial drop in stock price following the earnings release, the stock has since recovered [2] - The company operates within the aerospace, defense, and airline industry, which has significant growth prospects [2] Group 2 - The analysis provided by the investing group focuses on discovering investment opportunities in the aerospace and defense sectors [2] - The group utilizes data-informed analysis to contextualize industry developments and their potential impact on investment theses [2]
GM Q1 Earnings Preview: Should You Buy the Stock Before the Results?
ZACKS· 2025-04-25 14:15
General Motors (GM) is slated to release first-quarter 2025 results on April 29, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at $2.66 per share and $42.37 billion, respectively.The consensus estimate for the to-be-reported quarter’s earnings has moved north by 2 cents over the past seven days. The bottom-line projection indicates a modest year-over-year uptick of 1.5%. The Zacks Consensus Estimate for quarterly revenues, however, sug ...
Resolutions Adopted at the Annual General Ordinary and Extraordinary Shareholders' Meeting for Grupo Aeroportuario del Pacifico on April 24, 2025
GlobeNewswire News Room· 2025-04-25 01:18
Core Points - Grupo Aeroportuario del Pacífico (GAP) held its Annual General Ordinary Shareholders' Meeting with a quorum of 88.5% and approved several key resolutions regarding financial statements, dividend payments, and board appointments [1][2][3]. Financial Resolutions - The financial statements for the fiscal year 2024 were approved on both unconsolidated and consolidated bases, adhering to MFRS and IFRS standards respectively [2]. - The net income for the fiscal year ended December 31, 2024, was reported at Ps. 8,279,790,417 (approximately 8.28 billion pesos), with the entire amount allocated to retained earnings without separating for legal reserves [3]. - A dividend of Ps. 16.84 per share was approved, to be paid from the retained earnings account totaling Ps. 18,864,285,272 (approximately 18.86 billion pesos), with payment expected within 12 months after April 24, 2025 [4]. Share Repurchase Program - The cancellation of outstanding amounts under the previous share repurchase program of Ps. 2,500,000,000 (2.5 billion pesos) was approved, along with a new allocation of the same amount for share repurchases in the upcoming 12-month period [5]. Board of Directors - The meeting ratified the appointments of four proprietary members and their alternates to the Board of Directors, including Laura Díez Barroso Azcárraga as Chairwoman [6][7]. - Compensation for the Board of Directors for the fiscal year 2024 was approved, along with the proposed compensation for 2025 [8]. Compliance and Reporting - The company reported compliance with regulations regarding significant transactions exceeding US$ 3,000,000 [10]. - Special delegates were approved to formalize the resolutions adopted at the meeting [11]. Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities and tourist destinations, and has expanded its operations internationally [12].
Fireweed Announces Results from Annual General and Special Meeting of Shareholders
GlobeNewswire News Room· 2025-04-24 22:00
The nominees for directors were elected as set out in the following table: | Director | Votes For | % | | --- | --- | --- | | James Beck | 88,385,963 | 99.99 | | Jill Donaldson | 87,862,679 | 99.40 | | Ian Gibbs | 88,305,463 | 99.90 | | Paul Harbidge | 88,389,463 | 99.99 | | Peter Hemstead | 88,269,263 | 99.86 | | Ron Hochstein | 88,383,463 | 99.99 | | Adam Lundin | 88,370,963 | 99.97 | | Wojtek Wodzicki | 88,379,963 | 99.98 | Ian Gibbs, President and CEO commented, "We would like to thank John Robins, Marc ...
General Motors (GM) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2025-04-24 14:20
In its upcoming report, General Motors (GM) is predicted by Wall Street analysts to post quarterly earnings of $2.66 per share, reflecting an increase of 1.5% compared to the same period last year. Revenues are forecasted to be $42.37 billion, representing a year-over-year decrease of 1.5%. Over the last 30 days, there has been a downward revision of 1.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ini ...
GM CEO on Tariffs and GM's EV Future
PYMNTS.com· 2025-04-23 22:18
Highlights GM CEO Mary Barra said the automaker is having “very productive” and “constructive” conversations with the Trump administration on tariffs. She also thinks the government is not out to harm automakers. Barra said GM is still bullish on autonomous vehicles but will focus on personal autonomy instead of group rides through robotaxis. Barra believes that consumers will eventually choose to own electric vehicles if there is a more robust charger network. General Motors is having “very pro ...