Ford Motor (f) profits Q4 2024 – usa365.news

Detroit – Ford Motor Wall Street’s first and bottom expectations were overcome for the fourth quarter, but he expected a tougher year for the company, as CEO Jim Farley is the improvement in the quality and costs of the car.

Ford shares decreased by 5 % in after hours.

Ford Expectations this year It calls for modified profits before interest and taxes (EBIT) from $ 7 billion to $ 8.5 billion; Free cash flow rate from $ 3.5 billion to $ 4.5 billion; Capital expenses range from $ 8 billion to 9 billion dollars.

For 2024, Ford has reached the amended EBIT with a value of $ 10.2 billion, or $ 1.84 of the permit profits per share, and net income of $ 5.9 billion, or $ 1.46. The auto company stated that the total revenue, including its financial arm, was a record in the company worth $ 185 billion, and the average free cash flow was 6.7 billion dollars.

“We believe it is wise. There are many external factors … but our future is really in our hands,” Farley said on Wednesday during the “closing of a bell”.

Here’s how the company performs in the fourth quarter, compared to the average estimates collected by LSEG:

• Arrow’s profits: 39 cents was seized for 33 cents expected
• Car revenue: 44.9 billion dollars for 43.02 billion dollars expected

The company said that its instructions for 2025, which are in line with or less than many analysts’ expectations, “assume the opposite winds related to market factors.” It includes 2 % low prices in industry and the lesser sentence is slightly lower for Ford, but not additional definitions by the Trump administration.

“Given the stopping of the current tariff, specifically in Mexico and Canada, we do not choose to take any measures at this time,” Ford Ford Director Sherry House told the media on Wednesday during a call. “We will leave this running out so that we can better understand the possible effects on our business.”

House said that this year’s expectations take into account the expectations of low material costs and a billion dollar guarantee compared to last year. This is followed by $ 1.4 billion discounts in 2024, which were largely compensated for quality and unexpected guarantee.

The first half of 2025 is expected to be weaker than the background. This includes that the average EBIT is produced in the first quarter, which is expected to be almost multiple due to decreased wholesale and less profitable vehicles, including launch activity in the main American assembly factories in Kentucky and Michigan.

For the fourth quarter of 2024, Ford told a net income of $ 1.8 billion, or 45 cents per share, compared to a net loss of $ 526 million, or a loss of 13 cents per share, a year ago. By amending the elements for one time, the company has reported profits per share of 39 cents.

The traditional “Blue” operations of Ford and Fleet companies “Pro” carried the automotive industry to profitability, as “Model E” ev 5.08 billion dollars lost in 2024, including $ 1.39 billion in the fourth quarter.

Its blue works, which include the internal combustion engine vehicles, received $ 5.28 billion in 2024, approximately $ 2.2 billion for the previous year. Pro received more than $ 9 billion last year, including $ 1.63 billion in the fourth quarter.

For 2025, Ford also expects EBIT from $ 7.5 billion to $ 8 billion from Ford Pro; 3.5 billion dollars to 4 billion dollars per Ford Blue; And a loss ranging from $ 5 billion to $ 5.5 billion for Ford Model H. Its credit arm Ford is expected to publish $ 2 billion.

Ford was under performance of performance after the Crossown competitor General Motors Wall Street’s expectations were easily topped in the fourth quarter and said that her instructions for 2025 are in line with or above analysts’ expectations.

Ford’s expectations were largely not performing due to the unexpected guarantee and remembering the problems of the company’s profits. The shares of the auto manufacturer decreased by 20 % in 2024 amid problems, which Farley promised to correct.