Ford Motor said net income attributable to Ford Motor Company in 2024 was $5,879 million, and Company adjusted EBIT was $10,208 million. Net income margin was 3.2%, compared with 2.5% a year ago, and adjusted EBIT margin was 5.5%, compared with 5.9% a year ago.

1. 01

   Ford Motor said net income attributable to Ford Motor Company in 2024 was $5,879 million, and Company adjusted EBIT was $10,208 million. Net income margin was 3.2%, compared with 2.5% a year ago, and adjusted EBIT margin was 5.5%, compared with 5.9% a year ago.

2. 02

   The company cited lower special items and higher Ford Pro EBIT as drivers of the year-over-year increase in net income of $1,532 million, and said Company adjusted EBIT decreased $208 million.

3. 03

   Ford Motor said it recorded $1.2 billion of expenses in 2024 related to the cancellation of a previously announced all-electric 3-row SUV program. It said additional expenses and cash expenditures of about $700 million may be incurred related to the cancellation, with the majority expected to be recorded by the first half of 2025.

4. 04

   Ford Motor said Ford Blue's full-year 2024 EBIT was $5,284 million, a decrease of $2,178 million from a year ago, with an EBIT margin of 5.2%. The company cited unfavorable exchange, adverse mix, lower wholesales, and higher costs as factors in the decline.

Key figures

Fiscal year ended December 31, 2024

Revenue

$185.0B

Operating income

$5.2B

Net income

$5.9B

EPS

$1.46

Operating cash flow

$15.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.