Ford Motor Company reported a second-quarter adjusted EBIT of $2.5 billion, with an adjusted EPS of $0.42, surpassing expectations, while revenues stood at $44.89 billion—slightly below the consensus estimate of $45.72 billion. The company has raised its full-year adjusted EBIT guidance from $8.5-$10.5 billion to $10-$11 billion, reflecting improved pricing and product mix.
CEO James Farley emphasized the company’s strategy focused on core automotive operations, software, and adjacent businesses like Ford Energy. The company aims for 20 gigawatt hours of annual energy storage capacity by late next year and reported 1.6 million paid subscriptions in its software services. Despite a $919 million EBIT loss in its Model e segment, Ford is making strides in EV cost reductions, anticipating improvements going forward.
The financial report indicates that Ford remains committed to maintaining liquidity, ending the quarter with $22.3 billion in cash and $43.4 billion in total liquidity. A regular third-quarter dividend of $0.15 per share has also been announced.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
