Ford Motor Company ( (F) ) has released its Q4 earnings. Here is a breakdown of the information Ford Motor Company presented to its investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Ford Motor Company, a major player in the automotive industry, is engaged in the production of a wide range of vehicles including trucks, SUVs, commercial vans, and luxury cars under its Lincoln brand. The company is noted for its innovative approach to vehicle manufacturing, particularly in electric vehicle development, and operates through distinct segments: Ford Blue, Ford Model e, and Ford Pro.
Ford Motor Company has released its financial results for the fourth quarter and full year of 2024, showcasing a year of record revenue and solid earnings. Fourth-quarter revenue increased to $48.2 billion with a net income of $1.8 billion, while for the full year, the company reported a revenue of $185 billion and a net income of $5.9 billion. The company also declared regular and supplemental dividends of 15 cents per share.
The key highlights of Ford’s financial performance include a 5% increase in full-year revenue, reaching $185 billion, and an adjusted EBIT of $10.2 billion. The Ford Pro segment achieved a significant EBIT of $9.0 billion, maintaining a strong margin. However, Ford Model e reported a full-year EBIT loss as the company continues to invest in future electric vehicle products. Ford’s liquidity position remains robust with over $28 billion in cash and nearly $47 billion in liquidity.
Looking ahead, Ford’s management remains optimistic about 2025, projecting an adjusted EBIT between $7.0 billion and $8.5 billion and adjusted free cash flow ranging from $3.5 billion to $4.5 billion. The company is focused on its Ford+ transformation to enhance quality and reduce costs, aiming to deliver long-term value for its stakeholders.
