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Posts Tagged ‘Ford financial results’

Strong Q4 Helps Ford Turn $7.6B Profit in 2017

Automaker predicts lower profits for 2018 as it launches 23 products.

by on Jan.24, 2018

Ford CEO Jim Hackett said the company has laid the groundwork for its end goal of producing nothing by smart vehicles.

Ford Motor Co. today reported Q4 net income of $2.4 billion, or 60 cents per share, on $41.3 billion in revenue and full-year results of $7.6 billion in net income on revenue of $156.8 billion.

The company’s pre-tax profit for the final quarter of 2017 was $1.7 billion, or 39 cents per share on an adjusted basis. The results were lower than Zacks and Thomson Reuters consensus estimates of 42 cents per share adjusted.

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For the full year, the company’s pre-tax profit was $8.4 billion, or $1.78 per share. Again, that was lower than Thomson Reuters analysts’ estimate of $1.83 per share. The net income of $1.90 per share was also lower than what the automaker has predicted it would be a few weeks ago. It said it would be $1.95 per share. (more…)

Ford Profit Sharing Checks Drop to Average of $6,900

Last year’s payout was a record $8,800.

by on Jan.29, 2015

Ford's hourly workforce will see their profit-sharing checks drop by nearly $2,000 this year.

Ford Motor Co. will continue to face major challenges in the first half of 2015, but the company’s executives expect better results for the full year after a disappointing 2014.

The company’s results fell in line with earlier guidance, but the net income of $3.2 billion for 2014 is down $4 billion from last year. The obvious hit resulting from the lower profits? Profit sharing checks for the company’s more than 50,000 hourly employees in the U.S.

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They are expected to collect an average of $6,900, which is nearly $2,000 less than last year’s record payout of $8,800 to 47,000 workers. That said, it’s an improvement over 2005 through 2008 when no profit sharing checks were issued. (more…)

Ford Takes Q4 Hit Due to F-Series Changeover

Maker reports profits in line with earlier guidance.

by on Jan.29, 2015

Ford reported pre-tax profits of more than $6 billion for 2014 led largely by North America.

Ford Motor Co.’s profits cratered during the fourth quarter as moved through the changeover of the company’s popular full-size pickup truck, dropping from 75 cents per share in the same period in 2013 to a single penny per share in the final three months of 2014.

The company’s fourth quarter pre-tax profit was $1.1 billion, excluding special items. That is $197 million lower than a year ago with after-tax earnings per share at 26 cents, 6 cents lower than a year ago.

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The net income for the quarter was $52 million: a decline of $3 billion from last year. Despite the decline, the fourth quarter of 2014 was the company’s 22nd consecutive quarter of profitability, Ford executives noted. (more…)