General Motors Company (NYSE:GM) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET

Company Participants

Ashish Kohli - Vice President of Investor Relations
Mary Barra - Chairman and Chief Executive Officer
Paul Jacobson - Executive Vice President and Chief Financial Officer
Daniel Berce - President and Chief Executive Officer of GM Financial

Conference Call Participants

Joseph Spak - UBS
John Murphy - Bank of America Merrill Lynch
Dan Levy - Barclays Bank
Ryan Brinkman - JPMorgan Chase & Co.
Emmanuel Rosner - Wolfe Research
Adam Jonas - Morgan Stanley
Tom Narayan - RBC Capital Markets
Edison Yu - Deutsche Bank
James Picariello - BNP Paribas Exane
Daniel Roeska - Sanford C. Bernstein & Co.
Chris McNally - Evercore ISI
Mark Delaney - Goldman Sachs Group, Inc.

Operator

Good morning, and welcome to the General Motors Third Quarter 2024 Earnings Conference Call. During the opening remarks, all participants will be in a listen-only mode. After the opening remarks, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded Tuesday, October 22, 2024.

I would now like to turn the conference over to Ashish Kohli, GM's Vice President of Investor Relations.

Ashish Kohli

Thanks, Amanda, and good morning, everyone. We appreciate you joining us as we review GM's financial results for the third quarter of 2024. Our conference call materials were issued this morning and are available on GM's Investor Relations website. We are also broadcasting this call via webcast.

Joining us today are Mary Barra, GM's Chair and CEO; and Paul Jacobson, GM's Executive Vice President and CFO. Dan Berce, President and CEO of GM Financial, will also be joining us for the Q&A portion of the call.

On today's call, management will make forward-looking statements about our expectations. These statements are subject to risks and uncertainties that could cause our actual results to differ materially. These risks and uncertainties include the factors identified in our filings with the SEC. Please review the safe harbor statement on the first page of our presentation as the content of our call will be governed by this language.

And with that, I'm delighted to turn the call over to Mary.

Mary Barra

Thank you, Ashish, and good morning, everyone. I want to begin by recognizing the incredible job our team, our suppliers and our dealers have been doing all year long. We have been able to grow our retail market share in the U.S. with above-average pricing, well-managed inventories and below-average incentives. Now with our strong third quarter results, we expect our full-year EBIT adjusted to be in the range of $14 billion to $15 billion and EPS diluted adjusted to be in the range of $10 to $10.50, both at the upper end of our previous guidance. And we are once again raising our adjusted automotive free cash flow.