Ford Q3 2024 Earnings Report
Key Takeaways
Ford reported a 5% increase in revenue to $46.2 billion for Q3 2024, marking the 10th consecutive quarter of year-over-year growth. Net income was $0.9 billion, impacted by a $1 billion EV-related charge, while adjusted EBIT improved to $2.6 billion. The company is focused on long-term value creation through its Ford+ plan and strategic investments in key areas.
Ford reported third quarter revenue of $46 billion.
Net income reached $0.9 billion, impacted by a $1 billion electric vehicle-related charge.
Adjusted EBIT was $2.6 billion.
Ford Pro revenue increased by 13%.
Ford
Ford
Ford Revenue by Segment
Forward Guidance
Ford anticipates full-year 2024 adjusted EBIT of approximately $10 billion and adjusted free cash flow between $7.5 billion and $8.5 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income