Ford Motor Company
F
$13.23 3.40%
Exchange: NYSE | Sector: Consumer Cyclical | Industry: Auto Manufacturers
Q4 2023
Published: Feb 7, 2024

Earnings Highlights

  • Revenue of $45.96B up 4.5% year-over-year
  • EPS of $-0.13 decreased by 140.4% from previous year
  • Gross margin of 5.5%
  • Net income of -526.00M
  • ""Our global hybrid sales were up 20% last year and we expect them to be up 40% this year." - Jim Farley" - Jim Farley

Ford Motor Company (F) Q4 2023 Financial Results: Navigating Challenges Amidst Transformation

Executive Summary

In Q4 2023, Ford Motor Company reported revenues of $45.96 billion, a 4.46% increase year-over-year. However, the company faced a significant operational setback, leading to a net loss of $526 million, underlining the pressures of post-UAW strike adjustments and market dynamics. Despite this, the outlook for Ford's Pro segment, which showed strong growth and robust margins, indicates potential for recovery and strategic progression in the electric vehicle (EV) sector. Management's commentary emphasized the company's evolving focus towards a blend of traditional and electric vehicles while enhancing operational efficiencies through cost-cutting initiatives, particularly in design and manufacturing. Investors should monitor Ford's ability to return to profitability while successfully transitioning to EV production within a competitive landscape.

Key Performance Indicators

Revenue

45.96B
QoQ: 4.93% | YoY:4.46%

Gross Profit

2.53B
5.50% margin
QoQ: -59.54% | YoY:-59.08%

Operating Income

-245.00M
QoQ: -121.70% | YoY:-106.55%

Net Income

-526.00M
QoQ: -143.87% | YoY:-140.81%

EPS

-0.13
QoQ: -143.33% | YoY:-140.39%

Revenue Trend

Margin Analysis

Key Insights

  • **Revenue:** $45.96 Billion (YoY: +4.46%, QoQ: +4.93%)
  • **Gross Profit:** $2.53 Billion (YoY: -59.08%, QoQ: -59.54%)
  • **Operating Income:** -$245 Million (YoY: -106.55%, QoQ: -121.70%)
  • **Net Income:** -$526 Million (YoY: -140.81%, QoQ: -143.87%)
  • **EPS:** -$0.13 (YoY: -140.39%, QoQ: -143.33%)

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 48,211.00 0.45 +4.9% View
Q3 2024 46,196.00 0.22 +5.5% View
Q2 2024 47,808.00 0.46 +6.4% View
Q1 2024 42,777.00 0.33 +3.1% View
Q4 2023 45,962.00 -0.13 +4.5% View