Projects strong 2019 earnings and improved adjusted auto free cash flow
Continues strong launches of all-new truck portfolio in the U.S. and crossovers globally
Cadillac will be General Motors' lead electric vehicle brand
NEW YORK, Jan. 11, 2019 /PRNewswire/ -- General Motors Co. (GM) today provided investors with an update on its comprehensive strategic plan as it continues to build the foundation for the company's long-term success. GM also said it expects earnings growth in 2019, compared to projected 2018 full-year results.
Full-year 2019 guidance:
- Earnings per share diluted-adjusted of between $6.50 and $7.00.
- Adjusted automotive free cash flow of between $4.5 billion and $6 billion.
GM expects 2018 EPS-diluted-adjusted and adjusted automotive free cash flow to exceed the guidance provided when reporting its third quarter 2018 earnings on Oct. 31, 2018.
For complete details, click here to download the full press release.
To see reconciliations of non-GAAP measures to their most directly comparable GAAP measures, visit the GM Investor Relations website.
Investor analyst webcast
GM Chairman and CEO Mary Barra will host a webcast for investor analysts and institutional investors at 10 a.m. EST today to share various updates on the future of GM. The webcast will include several management presentations followed by a question and answer session for analysts.
Journalists who wish to view the webcast can register by visiting the GM Investor Relations website.
General Motors (GM) is committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Cadillac, Chevrolet, Baojun, Buick, GMC, Holden, Jiefang and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, Maven, its personal mobility brand, and Cruise, its autonomous vehicle ride-sharing company, can be found at http://www.gm.com.
Cautionary Note on Forward-Looking Statements: This press release and related comments by management may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on forward-looking statements. Statements including words such as "anticipate," "appears," "approximately," "believe," "continue," "could," "designed," "effect," "estimate," "evaluate," "expect," "forecast," "goal," "initiative," "intend," "may," "objective," "outlook," "plan," "potential," "priorities," "project," "pursue," "seek," "should," "target," "when," "will," "would," or the negative of any of those words or similar expressions to identify forward-looking statements represent our current judgment about possible future events. In making these statements we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we consider appropriate under the circumstances. These statements are not guarantees of future performance; they involve risks and uncertainties and actual events or results may differ materially from these statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive and regulatory factors, many of which are beyond our control and are described in our Annual Report on Form 10-K for the year ended December 31, 2017, as well as additional factors we may describe from time to time in other filings with the U.S. Securities and Exchange Commission. We undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where we are expressly required to do so by law.
Non-GAAP Financial Measures: See our Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and our subsequent filings with the U.S. Securities and Exchange Commission for a description of certain non-GAAP measures referenced in this presentation, including EBIT-adjusted, Core EBIT-adjusted, EPS-diluted-adjusted, ETR-adjusted, ROIC-adjusted and adjusted automotive free cash flow, along with a description of various uses for such measures. Our calculation of these non-GAAP measures are set forth within these reports and may not be comparable to similarly titled measures of other companies due to potential differences between companies in the method of calculation. As a result, the use of these non-GAAP measures has limitations and should not be considered superior to, in isolation from, or as a substitute for, related U.S. GAAP measures.