Ford Reports Q4 Beat, Issues Muted FY25 Guidance

Revenue and Earnings:

* Q4 2024 Revenue: $48.2 billion (est. $43.01 billion)
* Adjusted EPS: $0.39 (est. $0.32)
* Adjusted EBIT: $2.1 billion

Full-Year 2024 Results:

* Adjusted EBIT: $10.2 billion (guided $10 billion in Q3)
* Revenue: $185 billion
* Net Income: $5.9 billion

Full-Year 2025 Guidance:

* Adjusted EBIT: $7.0 billion - $8.5 billion
* Adjusted Free Cash Flow: $3.5 billion - $4.5 billion

Ford+ Plan Updates:

* Ford Blue (gasoline): Revenue $27.3 billion, EBIT $1.581 billion
* Ford Model e (electric): Revenue $1.4 billion, EBIT -$1.389 billion (FY24 loss $5.1 billion)
* Ford Pro (commercial and heavy-duty): Revenue $16.2 billion, EBIT $1.629 billion

Electrified Vehicle Segment:

* Q4 2024: 38% growth in electrified vehicle sales (hybrid and EV)
* Full-Year 2024: 285,291 electrified vehicles sold (hybrids majority)
* Q1 2025 projection: "roughly breakeven" adjusted EBIT due to lower sales and product mix
* Model e expected to face "top-line pressure" in 2025 due to supply and demand challenges

Tariffs and Import Policies:

* Ford CEO Jim Farley calls for "comprehensive" tariff policy
* Farley believes current scheme benefits automakers with no tariffs
* 25% tariff on imports would "have a major impact" on industry