Ford said its Q3 2024 revenue was $46 billion, net income was $0.9 billion, and adjusted EBIT was $2.6 billion. The company said net income included an electric vehicle-related charge of $1 billion that it had announced earlier.

1. 01

   Ford said its Q3 2024 revenue was $46 billion, net income was $0.9 billion, and adjusted EBIT was $2.6 billion. The company said net income included an electric vehicle-related charge of $1 billion that it had announced earlier.

2. 02

   The company said Ford Pro generated $1.8 billion EBIT, with a margin of 11.6%, on revenue of $15.7 billion in Q3, up 13%. Ford Model e recorded an EBIT loss of $1.2 billion. The company expects the full-year 2024 loss at Model e to be about $5 billion.

3. 03

   Ford said cash flow from operations in Q3 was $5.5 billion and adjusted free cash flow was $3.2 billion. It had nearly $28 billion in cash at quarter-end and $46 billion in liquidity. The company also declared a regular Q4 dividend of 15 cents per share.

4. 04

   Ford said it expects adjusted EBIT for full-year 2024 to be about $10 billion, with adjusted free cash flow between $7.5 billion and $8.5 billion. It said capital expenditures are expected to be between $8 and $8.5 billion.

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

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

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