Ford Q2 revenue up 6% to $47.8B, net income $1.8B, adj. EBIT $2.8B; raises FCF guidance

FORD MOTOR CO

2024-Q2 EPS reported $0.79 revenue$90,585,000,000

Revenue $47.8B (+6% YoY); net income $1.8B; diluted EPS $0.46.
Adjusted EBIT $2.8B (down from $3.8B in Q2 2023); adj. EPS $0.47.
Ford Pro EBIT $2.6B (15% margin); Ford Blue EBIT $1.2B; Model e loss $(1.1)B.
FY adj. EBIT guidance unchanged $10B-$12B; adj. FCF raised $1B to $7.5B-$8.5B; Ford Pro FY EBIT outlook raised to $9B-$10B, Ford Blue lowered to $6B-$6.5B.
Q3 dividend $0.15/share, payable Sept 3 to holders of record Aug 7.

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