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The latest update is out from Ford Motor ( (F) ).
Ford Motor Company announced a pre-tax remeasurement gain of approximately $0.7 billion for its fourth quarter 2024 results related to pension and other postretirement employee benefits (OPEB) plans. The remeasurement, influenced by higher discount rates, is expected to increase net income by about $0.4 billion after taxes but will not affect the company’s adjusted EBIT or cash flow. Despite the gain, the underfunded status of Ford’s pension and OPEB plans is expected to decrease slightly by year-end 2024 compared to 2023.
More about Ford Motor
Ford Motor Company operates within the automotive industry, primarily manufacturing and selling vehicles, and focusing on markets worldwide. The company is known for its wide range of cars, trucks, and SUVs, and has a significant presence in both domestic and international automotive markets.
YTD Price Performance: 8.08%
Average Trading Volume: 59,487,612
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $41.45B
For detailed information about F stock, go to TipRanks’ Stock Analysis page.
