8-K
filed February 6, 2024, 6:59 PM ET
ticker F
CIK 0000037996
earnings
confidence high
sentiment neutral
materiality 0.78
Ford reports 2023 net income $4.3B; Q4 net loss $526M; declares $0.33/share dividends
FORD MOTOR CO
2023-FY EPS reported
$1.08
revenue$176,191,000,000
- Full-year revenue $176B (+11% YoY); adjusted EBIT $10.4B at high end of guidance.
- Q4 revenue $46B (+4%); net loss of $526M due to $1.7B non-cash pension remeasurement loss.
- Ford Pro EBIT $7.2B (margin 12.4%); Ford Blue EBIT $7.5B; Ford Model e loss $4.7B.
- Declares Q1 regular ($0.15) and supplemental ($0.18) dividends payable March 1 to holders of record Feb. 16.
- 2024 guidance: adjusted EBIT $10-12B, adj. FCF $6-7B, capex $8-9.5B.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FORD MOTOR CO reported full-year 2023 results: revenue $176 billion, net income $4.3 billion.
- Period
- full-year 2023
- Revenue
- $176 billion
- Net income
- $4.3 billion
- Result
- reported results
Exact text from the filing
For full-year 2023, revenue was up 11% to $176 billion. Net income improved year-over-year to $4.3 billion; adjusted EBIT of $10.4 billion was essentially flat year-over-year and at the high end of guidance that Ford provided following ratification of its new contracts with the UAW in the U.S. and Unifor in Canada.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FORD MOTOR CO reported fourth quarter 2023 results: revenue $46 billion, net income net loss of $526 million.
- Period
- fourth quarter 2023
- Revenue
- $46 billion
- Net income
- net loss of $526 million
- Result
- reported results
Exact text from the filing
Ford’s fourth-quarter 2023 revenue was $46 billion, an increase of 4% from the same period a year ago on comparable vehicle volumes. Net pricing was favorable. A net loss of $526 million in the period was attributable to a $1.7 billion pretax, non-cash accounting loss related to the remeasurement of pension and other postretirement employee benefits plans.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FORD MOTOR CO updated its full-year 2024 guidance (initiated).
- Period
- full-year 2024
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Outlook for full-year 2024 includes adjusted EBIT of $10 billion to $12 billion, adjusted FCF of $6 billion to $7 billion, and capital spending of $8 billion to $9.5 billion
View on SEC.gov
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