Tag Archives: ford earnings

Ford Motor Posts Q1 2024 Net Income of $1.3 Billion

Posted on 25 April 2024 by Ken Zino

Ford Motor (NYSE: F) late yesterday posted weak 2024 Q1 operating results of $42.8 billion in revenue (+1.3B YoY), net income of $1.3 billion (-1.1%), and adjusted EBIT of $2.8 billion (-6%) as global sales dropped 11,000 vehicles to 1,045,000. Ford nonetheless declared a second-quarter regular dividend of 15 cents per share, payable 3 June to shareholders of record at the close of business on 8 May 2024. Continue reading →

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Ford Misses Q4 and Full Year 2022 Forecasts. Loses $2B

Posted on 2 February 2023 by Ken Zino

Nevertheless, Ford declared a regular dividend of 15 cents per share, plus supplemental dividend of 65 cents per share, enabled in part by the “nearly complete monetization of stake in Rivian Company.” Ford anticipates full-year 2023 adjusted EBIT of $9 billion to $11 billion and adjusted free cash flow of about $6 billion. Continue reading →

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Ford Motor Posts Good Earnings But Weak Net Income

Posted on 27 July 2022 by Ken Zino

However, Ford’s net income was $667 million, a margin of 1.7%, which included a mark-to-market loss of, gulp, $2.4 billion on Ford’s stake in Rivian. Ford is also in the process of slashing costs under its latest restructuring plan, but refused to comment on pending job cuts, which are being reported as around 8000, only to confirm that there are too many people employed at Ford. Continue reading →

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Ford Q3 Net Income at $2.4B Treads Water. Q4 $500M Loss?

Posted on 29 October 2020 by Ken Zino

As a result, the Ford outlook is wobbly including a fourth quarter adjusted EBIT between break-even and a, gulp, $500 million loss. Continue reading →

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Ford Q3 Income, Profits Down as Volume Increases. No Dividend Yet, But Sooner Rather than Later Promised

Posted on 26 October 2011 by Ken Zino

Ford continues to struggle globally by posting losses in moribund European economies, and – surprisingly – the growth markets of Asia Pacific and Africa. North America, where Japanese competitors have been out of the market since the March earthquake and tsunami disrupted production, and South America reported pre-tax profits for the third quarter. Continue reading →

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Ford Motor Nets $2.6 Billion in Q1 on $33 Billion Revenue

Posted on 26 April 2011 by Ken Zino

Ford Motor Company (NYSE: F) today reported first quarter 2011 net income of $2.6 billion, or 61 cents per share, an increase of $466 million, or 11 cents per share, from first quarter 2010 as the global auto industry continued … Continue reading →

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Ford to Issue Common Stock to Reduce Debt by $3 Billion

Posted on 10 February 2011 by Ken Zino

Ford Motor Company (NYSE: F) said today that it will convert some of its $16 billion in outstanding debt to shares of common stock. In so doing, the second largest Detroit automaker will take a charge of $60 million against its first quarter earnings.

Ford is still listed as below investment grade by the rating agencies – Moody’s Investors Service (Ba2) and Standard & Poor’s B+. Both are junk ratings that raise borrowing costs and limit large mutual funds from buying Ford bonds. Ford lost its investment grade rating in 2005. Continue reading →

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