General Motors posts lower net income in first quarter but sales climb
2025-04-29 12:21
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(Alliance News) - General Motors Co on Tuesday said net income fell in the first quarter as lower margins offset a slight increase in sales.
Shares in the Detroit, Michigan-car maker were down 0.5% at USD46.99 in pre-market trading on Tuesday morning in New York.
GM said net income fell 3.4% to USD2.85 billion in the first quarter from USD2.95 billion a year prior. Adjusted diluted earnings per share rose 6.1% to USD2.78 from USD2.62.
The net income margin declined to 6.3% from 6.9%.
GM's North American auto operations reported adjusted earnings before interest and tax of USD3.29 billion compared to USD3.84 billion last year.
Group revenue climbed 2.3% to USD44.02 billion from USD43.01 billion.
Automotive sales totalled USD39.86 billion compared with USD39.21 billion a year prior. GM Financial revenue rose to USD4.16 billion from USD3.81 billion.
Automotive operating cash flow declined to USD2.41 billion in the quarter from USD3.60 billion.
GM said it will provide guidance on its earnings call. This will not contemplate the potential impact of tariffs, the firm added.
By Jeremy Cutler, Alliance News reporter
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