Ford Q1 net income $1.8B on $41.5B revenue, adj. EBIT $3.4B, reaffirms guidance

FORD MOTOR CO

2023-Q1 EPS reported $0.44 revenue$41,474,000,000

Revenue $41.5B (+20% YoY); net income $1.8B vs net loss $3.1B in Q1 2022.
Adjusted EBIT $3.4B (+45% YoY); adjusted free cash flow $693M.
Ford Blue EBIT $2.6B (10.4% margin); Ford Pro EBIT $1.4B (10.3% margin); both profitable in all regions.
Reaffirms FY2023 adjusted EBIT guidance $9-11B, adj. FCF ~$6B; regular dividend payable June 1.
Ended Q1 with ~$29B cash, >$46B liquidity; full-year Model e loss still ~$3B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FORD MOTOR CO reported first quarter 2023 results: revenue $41.5 billion, net income $1.8 billion. Guidance reaffirmed.

Period: first quarter 2023
Revenue: $41.5 billion
Net income: $1.8 billion
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Ford’s First-Quarter Volumes, Sales, Profits, Cash Flow All Up; Distinct Segments Sharpen Focus, Speed, Accountability • Three customer-focused businesses now drive value, growth: Ford Blue (iconic gas, hybrid vehicles), Ford Model e (breakthrough EVs), Ford Pro (commercial products, services) • Quarterly revenue rises 20% year-over-year to $41.5 billion; $1.8 billion in net income compares to year-ago net loss of $3.1 billion; adjusted EBIT of $3.4 billion was 45% higher • Ford Pro EBIT nearly triples, to $1.4 billion, and Ford Blue EBIT doubles, to $2.6 billion, with margins for both exceeding 10% • Company reaffirms guidance for full-year 2023 adjusted EBIT of $9 billion to $11 billion, adjusted free cash flow of about $6 billion

View on SEC.gov

Browse all earnings releases →

FORD MOTOR CO filing history →

Source: SEC EDGAR

accession 0000037996-23-000028

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.