Ford Meets Q4 Earnings and Revenue Expectations, Provides Muted Guidance
Key Metrics:
* Revenue: $48.2 billion (beat estimate of $43.01 billion)
* Adjusted EPS: $0.39 (beat estimate of $0.32)
* Adjusted EBIT: $2.1 billion
* Full-Year 2025 Adjusted EBIT Guidance: $7.0 billion to $8.5 billion
* Full-Year 2025 Adjusted Free Cash Flow Guidance: $3.5 billion to $4.5 billion
Ford+ Strategy Updates:
* Business segmented into three units: Ford Blue, Ford Model e, Ford Pro
* Ford Model e segment reported full-year EBIT loss of $5.1 billion; losses expected to continue in 2025
* Company developing smaller and midsize EVs to cater to majority of EV buyers
Business Outlook:
* Company expects Q1 2025 adjusted EBIT to be near breakeven
* Ford CEO Jim Farley remains confident in EV business, with hybrids contributing to electrification efforts
* Farley highlights Ford's strong US manufacturing footprint and concerns over potential tariffs
Additional Highlights:
* US sales rose 8.8% in Q4, driven by F-Series sales jump
* For the year, US sales increased 4.2%
* "Electrified" segment sales surged 38% in 2024, led by hybrid sales