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Ford said it will reaffirm the full-year 2024 adjusted EBIT outlook of $10 billion to $12 billion that it provided in early February.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Ford said it will reaffirm the full-year 2024 adjusted EBIT outlook of $10 billion to $12 billion that it provided in early February.

  2. The company said it will also reaffirm its outlook for adjusted free cash flow of $6 billion to $7 billion and capital expenditures of $8 billion to $9.5 billion, which it provided in early February.

  3. Ford said it described the three business segments of its Ford+ plan: Ford Blue, for gas-powered and hybrid vehicles; Ford Pro, for commercial customers; and Ford Model e, which develops electric vehicles and connected, software-enabled capabilities.

  4. Ford Motor said it plans to report Q1 2024 results on Wednesday, April 24, and noted that adjusted EBIT and adjusted free cash flow are non-GAAP measures.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Reaffirms Full-Year Adjusted EBIT Outlook

Ford said it will reaffirm the full-year 2024 adjusted EBIT outlook of $10 billion to $12 billion that it provided in early February.

Source · Based on the filing body and exhibits

Free Cash Flow and Capital Expenditures Outlook

The company said it will also reaffirm its outlook for adjusted free cash flow of $6 billion to $7 billion and capital expenditures of $8 billion to $9.5 billion, which it provided in early February.

Source · Based on the filing body and exhibits

Ford+ Plan and Three Business Segments

Ford said it described the three business segments of its Ford+ plan: Ford Blue, for gas-powered and hybrid vehicles; Ford Pro, for commercial customers; and Ford Model e, which develops electric vehicles and connected, software-enabled capabilities.

Source · Based on the filing body and exhibits

Q1 Earnings Date and Non-GAAP Measures

Ford Motor said it plans to report Q1 2024 results on Wednesday, April 24, and noted that adjusted EBIT and adjusted free cash flow are non-GAAP measures.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.