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
Ford Motor Company reported strong financial results for the third quarter of 2024, with reported revenue of $46.20 billion, marking a 5% year-over-year increase. This success was driven primarily by robust truck sales and effective cost management strategies aimed at optimizing product mix, despite challenges presented by rising warranty expenses and competitive pricing pressures in the EV segment. Management highlighted key advancements in Ford's transition towards electric vehicles, production efficiencies, and improved service offerings through Ford Pro, which are critical to sustaining growth in a competitive marketplace.
Jim Farley, Ford's President and CEO, emphasized the company's strategic focus on cost reductions in their EV operations and the expected benefits of utilizing new battery technologies. This quarter marks the 10th consecutive quarter of revenue growth for Ford, reinforcing the effectiveness of their Ford+ strategy to streamline operations and enhance profitability, despite external headwinds.
Key Performance Indicators
Revenue
46.20B
QoQ: -3.37% | YoY:5.47%
Gross Profit
3.34B
7.22% margin
QoQ: -26.33% | YoY:-46.65%
Operating Income
880.00M
QoQ: -49.86% | YoY:-22.05%
Net Income
892.00M
QoQ: -51.28% | YoY:-25.60%
EPS
0.22
QoQ: -52.17% | YoY:-26.67%
Revenue Trend
Margin Analysis
Key Insights
1. **Revenue**: $46.20 billion, up 5% YoY (Q2: $47.81 billion, down 3.4% QoQ). 2. **Operating Income**: $880 million, down 22% YoY; Operating margin at 1.9%. 3. **Net Income**: $892 million, a 25.6% decrease YoY; EPS at $0.22, down 26.7% YoY. 4. **EBITDA**: $2.54 billion, with EBITDA margin of 5.5%, improved from 5% YoY. 5. **Free Cash Flow**: Strong performance at $3.2 billion for the quarter, signaling robust cash generation capabilities despite operational challenges. 6. **Cash and Equi...