Ford Q4 Earnings: Revenue, EBIT, and Outlook
Key Findings:
* Ford (F) surpassed Q4 revenue and earnings estimates.
* Full-year profit exceeded forecasts, but guidance for 2025 fell short.
* Ford Blue, Ford Pro, and Ford Model e segments reported mixed results.
* CFO Sherry House expressed concerns about potential tariffs on imports.
* CEO Jim Farley emphasized quality and cost improvements as key priorities.
Financial Performance:
* Revenue: $48.2 billion (vs. estimate: $43.01 billion)
* Adjusted EPS: $0.39 (vs. estimate: $0.32)
* Adjusted EBIT: $2.1 billion
Outlook:
* Full-year 2025 Adjusted EBIT: $7.0 billion to $8.5 billion
* Adjusted Free Cash Flow: $3.5 billion to $4.5 billion
* Q1 2025 Adjusted EBIT expected to break even
Segment Performance (Q4):
* Ford Blue: $27.3 billion in revenue, $1.581 billion in EBIT
* Ford Model e: $1.4 billion in revenue, -$1.389 billion in EBIT
* Ford Pro: $16.2 billion in revenue, $1.629 billion in EBIT
Other Highlights:
* Ford+ transformation plan focused on quality and cost optimization.
* Model e segment projected to sustain losses in 2025 due to supply constraints and uneven demand.
* Farley advocated for a comprehensive tariff policy that addresses imports from all automakers.
* Electrified vehicle sales increased by 38% in 2024, driven by hybrid and electric powertrains.