General Motors has announced that it will report its financial results for the first quarter 2014 on Thursday, April 24th at approximately 7:30 a.m. Eastern Standard Time. A call for financial analysts to review the results, followed by a question-and-answer session, will follow at 10 a.m. EST.
The automaker’s CEO Mary Barra, President Dan Ammann, and CFO Chuck Stevens are expected to take part in the earnings call, which will cover the three months ending in March.
In the fourth quarter of 2013, General Motors posted revenue of $40.5 billion, an increase of 3 percent year-over-year; net income came in at $900 million, representing no change on a year-over-year basis. During that same timeframe, GM North America and GM International Operations were profitable, while GM Europe continued to operate at a loss (albeit a much smaller one than before) while GM South America broke even.
One of the key points that investors and analysts will be watching closely is the toll GM’s recent batch of recalls will have on its financial performance. The automaker has been receiving a steady stream of negative publicity surrounding the time it took to issue the ignition switch recall, which GM expects will cost $750 million. Since then, The General has taken a proactive approach to identifying and performing recalls, with CEO Mary Barra personally spearheading the charge to address any possible recalls and creating a new position responsible for vehicle safety.
GM Authority will provide live coverage of the earnings event starting at 10:00 am EST on April 24th. Webcast and taped replay information will be available on the GM Investor Relations website.