Ford Q2 revenue $45B (+12% YoY), net income $1.9B, raises FY23 EBIT guidance to $11-12B

FORD MOTOR CO

2023-Q2 EPS reported $0.91 revenue$86,428,000,000

Revenue $45B (+12% YoY), net income $1.9B (4% margin), adjusted EBIT $3.8B (8.4% margin).
Ford Pro EBIT more than doubled to $2.4B (15% margin) on 22% revenue growth.
Ford Blue EBIT $2.3B; Ford Model e revenue +39% but expects $4.5B loss for FY23.
FY23 adjusted EBIT guidance raised to $11B-$12B; adjusted FCF guidance raised to $6.5B-$7B.
Dividend of $0.15/share declared, payable Sept 1 to holders of record July 25.

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 second quarter 2023 results: revenue $45 billion, net income $1.9 billion. Guidance raised.

Period: second quarter 2023
Revenue: $45 billion
Net income: $1.9 billion
Guidance: raised
Result: reported results

Exact text from the filing

Revenue increases 12% year-over-year to $45 billion; net income ($1.9 billion) and adjusted EBIT ($3.8 billion) also higher; cash and liquidity persistently strong

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Source: SEC EDGAR

accession 0000037996-23-000047

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