F
Ford Motor Company
Q4 2024 Report
Ford Motor Company (F) Q4 2024 Financial Results: Strong Revenue Growth Amidst Market Challenges...
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Executive Summary
In Q2 2024, Ford Motor Company reported revenues of $47.8 billion, reflecting a 6% increase year-over-year driven by strong demand for key products like the F-150 and Transit. Notably, adjusted EBIT reached $2.8 billion with a margin of 5.8%, despite challenges such as rising warranty costs and supply chain pressures. Management reaffirmed its commitment to transforming Ford into a high-margin business with significant growth potential in the electric vehicle (EV) market through its Ford+ strategy. The company anticipates continued free cash flow strength, raising guidance to a range of $7.5 billion to $8.5 billion for the year, providing a solid foundation for ongoing investments and dividend payouts, including a declared dividend of $0.15 per share.
Key Performance Indicators
Revenue
47.81B
QoQ: 11.76% | YoY:6.35%
Gross Profit
4.53B
9.47% margin
QoQ: 21.59% | YoY:-39.49%
Operating Income
1.76B
QoQ: 39.29% | YoY:-28.69%
Net Income
1.83B
QoQ: 37.46% | YoY:-4.49%
EPS
0.46
QoQ: 39.39% | YoY:-4.17%
Revenue Trend
Margin Analysis
Key Insights
**Revenue Performance**: $47.8 billion (YoY growth of 6%, QoQ growth of 12%). **Operating Income**: $1.75 billion, reflecting operating margin of 5.8%. **Net Income**: $1.83 billion, a decline of 4.5% YoY due to increased warranty reserves and higher manufacturing costs. **Earnings Per Share (EPS)**: $0.46, down from $0.48 YoY. **Free Cash Flow**: $3.2 billion for the quarter, increasing guidance for full year to $7.5-$8.5 billion. **Liquidity**: Strong balance sheet with approximately $27 billi...