Ford Q1 revenue $42.8B, net income $1.3B; raises FCF guidance, declares $0.15 dividend

FORD MOTOR CO

2024-Q1 EPS reported $0.33 revenue$42,777,000,000

Q1 revenue $42.8B (+3% YoY); net income $1.3B; adjusted EBIT $2.8B.
Ford Pro revenue $18.0B (+36%) and EBIT $3.0B (17% margin), more than double year ago.
Full-year adjusted EBIT tracking to high end of $10B-$12B; adjusted FCF target raised to $6.5B-$7.5B.
Ford declares Q2 regular dividend of $0.15/share, payable June 3 to holders of record May 8.
Ford Model e EBIT loss of $1.3B; hybrid sales up 36% on pace for 40% full-year growth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FORD MOTOR CO reported first quarter 2024 results: revenue $42.8 billion, net income $1.3 billion. Guidance raised.

Period: first quarter 2024
Revenue: $42.8 billion
Net income: $1.3 billion
Guidance: raised
Result: reported results

Exact text from the filing

Ford reports first-quarter revenue of $42.8 billion, net income of $1.3 billion, and adjusted EBIT of $2.8 billion

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Source: SEC EDGAR

accession 0000037996-24-000074

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