Ford Q1 revenue $42.8B (+3% YoY), net income $1.3B, adj. EBIT $2.8B; raises FCF guidance

FORD MOTOR CREDIT CO LLC

Ford Pro revenue $18.0B (+36%), EBIT $3.0B (nearly 17% margin); software subs up 43% to 560K+.
Ford Blue revenue $21.8B, EBIT ~$900M; hybrid sales +36%, on pace for 40% full-year growth.
Ford Model e EBIT loss $1.3B; pricing pressure continues; Tesla Supercharger access adapters rolling out.
Full-year adj. EBIT guidance unchanged at $10-12B, tracking to high end; FCF guidance raised to $6.5-7.5B.
Second-quarter dividend declared at $0.15/share, payable June 3 to holders of record May 8.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FORD MOTOR CREDIT CO LLC reported first quarter 2024 results: revenue 42.8 billion, net income 1.3 billion.

Period: first quarter 2024
Revenue: 42.8 billion
Net income: 1.3 billion
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 0000038009-24-000032

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