Ford Posts Mixed Q4 Results, Issues Muted Guidance for 2025
Key Highlights:
* Beat on earnings and revenue in Q4
* Full-year profit slightly exceeded expectations
* Guidance for 2025 reflects market headwinds
* Model e segment continues to experience losses
Financial Performance:
* Q4 Revenue: $48.2 billion (Est. $43.01 billion)
* Adjusted EPS: $0.39 (Est. $0.32)
* Adjusted EBIT: $2.1 billion
Full-Year 2025 Guidance:
* Adjusted EBIT: $7.0 billion to $8.5 billion
* Adjusted Free Cash Flow: $3.5 billion to $4.5 billion
Business Units Performance (Q4):
* Ford Blue: Revenue: $27.3 billion, EBIT: $1.581 billion
* Model e: Revenue: $1.4 billion, EBIT: -$1.389 billion (Loss)
* Ford Pro: Revenue: $16.2 billion, EBIT: $1.629 billion
EV Segment Outlook:
* Model e segment loss of $5.1 billion in 2024
* Projected loss of $5 billion in 2025
* Facing top-line pressure due to supply and demand challenges
Tariff Concerns:
* CEO Jim Farley expresses concerns about potential 25% tariff on imports
* Calls for a comprehensive tariff policy
Additional Notes:
* Ford's "electrified" sales jumped 38% in 2024
* Hybrid sales accounted for the majority of electrified vehicle sales
* Maverick hybrid pickup销量占总数的三分之一左右