secwatch.observer — SEC 8-K summary
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Issuer:     FORD MOTOR CO (F)
CIK:        0000037996
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000037996-24-000074
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37996/000003799624000074/0000037996-24-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37996/000003799624000074/f-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000037996-24-000074

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer