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Ford Motor | 10-Q: Q3 2024 Earnings Report

Ford Motor | 10-Q: Q3 2024 Earnings Report

福特汽车 | 10-Q:2024财年三季报
美股SEC公告 ·  2024/10/29 18:05

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Ford Motor Company reported Q3 2024 net income of $892 million on revenue of $46.2 billion, with Company adjusted EBIT of $2.55 billion and an adjusted EBIT margin of 5.5%. Revenue increased 5% year-over-year, while net income declined from $1.2 billion in Q3 2023, primarily due to a $979 million charge related to the cancellation of a planned electric three-row SUV program.Ford Pro led segment performance with $1.8 billion EBIT on strong demand for commercial vehicles, while Ford Blue generated $1.6 billion EBIT despite higher costs. Ford Model e posted a $1.2 billion loss amid competitive EV market conditions and pricing pressure. Ford Credit contributed $544 million in earnings before taxes, up $186 million from last year.The company maintained strong liquidity with $27.9 billion in cash and $46.1 billion in total liquidity. Ford updated its full-year 2024 guidance, now expecting adjusted EBIT of about $10 billion and adjusted free cash flow of $7.5-8.5 billion, while acknowledging near-term challenges in EV adoption rates and supply chain disruptions.
Ford Motor Company reported Q3 2024 net income of $892 million on revenue of $46.2 billion, with Company adjusted EBIT of $2.55 billion and an adjusted EBIT margin of 5.5%. Revenue increased 5% year-over-year, while net income declined from $1.2 billion in Q3 2023, primarily due to a $979 million charge related to the cancellation of a planned electric three-row SUV program.Ford Pro led segment performance with $1.8 billion EBIT on strong demand for commercial vehicles, while Ford Blue generated $1.6 billion EBIT despite higher costs. Ford Model e posted a $1.2 billion loss amid competitive EV market conditions and pricing pressure. Ford Credit contributed $544 million in earnings before taxes, up $186 million from last year.The company maintained strong liquidity with $27.9 billion in cash and $46.1 billion in total liquidity. Ford updated its full-year 2024 guidance, now expecting adjusted EBIT of about $10 billion and adjusted free cash flow of $7.5-8.5 billion, while acknowledging near-term challenges in EV adoption rates and supply chain disruptions.
福特汽车公司报告2024年第3季度的净利润为89200万美元,营业收入为462亿,调整后的息税前利润(EBIT)为25.5亿,调整后的EBIT利润率为5.5%。营业收入同比增长5%,而净利润则从2023年第3季度的12亿下降,主要由于与取消计划中的电动三排SUV项目相关的97900万美元支出。福特Pro在商业车辆需求强劲的情况下,主导了部门表现,EBIT达到18亿,而福特蓝品牌则在费用上升的情况下实现了16亿EBIT。福特Model e在竞争激烈的电动车市场环境和价格压力下录得12亿亏损。福特信用部门在税前贡献了54400万美元的收益,比去年增加18600万美元。公司保持了强劲的流动性,现金为279亿,总流动性为461亿。福特更新了2024年的全年指引,预计调整后的EBIT约为100亿,调整后的自由现金流为75-85亿,同时承认在电动车采用率和供应链中断方面面临短期挑战。
福特汽车公司报告2024年第3季度的净利润为89200万美元,营业收入为462亿,调整后的息税前利润(EBIT)为25.5亿,调整后的EBIT利润率为5.5%。营业收入同比增长5%,而净利润则从2023年第3季度的12亿下降,主要由于与取消计划中的电动三排SUV项目相关的97900万美元支出。福特Pro在商业车辆需求强劲的情况下,主导了部门表现,EBIT达到18亿,而福特蓝品牌则在费用上升的情况下实现了16亿EBIT。福特Model e在竞争激烈的电动车市场环境和价格压力下录得12亿亏损。福特信用部门在税前贡献了54400万美元的收益,比去年增加18600万美元。公司保持了强劲的流动性,现金为279亿,总流动性为461亿。福特更新了2024年的全年指引,预计调整后的EBIT约为100亿,调整后的自由现金流为75-85亿,同时承认在电动车采用率和供应链中断方面面临短期挑战。
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