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Posts Tagged ‘Ford financials’

Ford Q4, Full-Year 2015 Earnings Blow Away Expectations

North America helped drive results; Europe turns profit.

by on Jan.28, 2016

Ford CEO Mark Fields said the company would turn a profit in Europe and with a strong fourth quarter, it did. Expectations are higher for 2016.

Low gas prices leading to a shift to buyers gobbling up trucks, SUVs and crossovers played into the sweet spot of Ford Motor Co.’s line-up and allowed the maker to exceed expectations for the fourth quarter and for full-year 2015 results.

The Dearborn, Michigan-based automaker reported fourth-quarter earnings of $2.3 billion, or 58 cents per share, on revenue of $40.3 billion. This outpaced last year’s results of $1.2 billion at 26 cents per share on revenue of $33.8 billion.

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Analysts had expected Ford to report adjusted earnings of about 51 cents a share on $36.40 billion in revenue for the final segment of 2015, according to a consensus estimate from Thomson Reuters. (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…)