The earnings call highlighted Ford's continued revenue growth, profitability in overseas markets, and successful cost reduction initiatives, particularly in EV and software segments. However, significant challenges remain, such as high warranty costs, losses in the Model e segment, and supplier disruptions affecting volume. The growing pricing pressure in the market adds further uncertainty.

Company Guidance

During Ford Motor Company's Q3 2024 earnings call, the executives provided extensive guidance on various metrics. The company reported a 5% year-over-year increase in revenue, reaching over $46 billion, marking its tenth consecutive quarter of revenue growth. Adjusted EBIT was $2.6 billion with a margin of 5.5%, up by 50 basis points compared to the previous year. The adjusted free cash flow was $3.2 billion for the quarter, contributing to a year-to-date total of $5.9 billion, with a cash conversion rate of 74%. Ford Credit reported an EBT of $544 million, an increase of $186 million year-over-year. For the full year, Ford expects adjusted EBIT to be about $10 billion and adjusted free cash flow between $7.5 billion and $8.5 billion. The company also announced a fourth-quarter regular dividend of $0.15 per share. These figures indicate Ford's strategic focus on boosting profitability through cost efficiencies, improved product mix, and leveraging its global operations, particularly in China and the commercial vehicle market.

Revenue Growth

Ford reported a revenue increase of 5% year-over-year to over $46 billion, marking the tenth consecutive quarter of year-over-year revenue growth.

Profitability in Overseas Markets

Ford's overseas operations, which were previously losing $2.2 billion, are now collectively profitable, contributing significantly to Ford's overall profitability.

Ford Pro Segment Performance

Ford Pro delivered nearly $16 billion in revenue in the quarter, up 13%, with an EBIT margin of 11.6%. The segment had a year-to-date EBIT margin performance of 14.6%.

EV Cost Reductions

Ford reduced $1 billion in EV costs this year and has remade its battery footprint, focusing on cost efficiencies with plans to leverage the IRA production tax credit.

Software Revenue Growth

Ford's paid software subscriptions grew 50% in revenue year-over-year, with gross margins over 50%.

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Ford Motor (F) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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F Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 30, 2025	2024 (Q4)	0.35 / -	0.29	―	―	―
Oct 28, 2024	2024 (Q3)	0.46 / 0.49	0.39	25.64% (+0.10)
Jul 24, 2024	2024 (Q2)	0.64 / 0.47	0.72	-34.72% (-0.25)
Apr 24, 2024	2024 (Q1)	0.43 / 0.49	0.63	-22.22% (-0.14)
Feb 06, 2024	2023 (Q4)	0.12 / 0.29	0.51	-43.14% (-0.22)
Oct 26, 2023	2023 (Q3)	0.46 / 0.39	0.3	30.00% (+0.09)
Jul 27, 2023	2023 (Q2)	0.54 / 0.72	0.68	5.88% (+0.04)
May 02, 2023	2023 (Q1)	0.42 / 0.63	0.38	65.79% (+0.25)
Feb 02, 2023	2022 (Q4)	0.62 / 0.51	0.26	96.15% (+0.25)
Oct 26, 2022	2022 (Q3)	0.27 / 0.30	0.51	-41.18% (-0.21)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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F Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 28, 2024	$11.22	$10.27	-8.47%
Jul 24, 2024	$13.28	$10.84	-18.37%
Apr 24, 2024	$12.43	$12.52	+0.72%
Feb 06, 2024	$11.28	$11.96	+6.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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