Ford Motor Co
Ford Delivers Best Quarter Ever with First Quarter Pre-Tax Profit of $3.8B; Net Income of $2.5B (Businesswire)
Ford Motor Company (NYSE: F) today reported its 2016 first quarter financial results. Visit media.ford.com to view the news release and visit http://www.shareholder.ford.com to view the slide presentation and access the webcast to Ford’s earnings call, which begins at 9 a.m. EDT with Mark Fields, president and chief executive officer, and Bob Shanks, executive vice president and chief financial officer.
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Ford Motor Company delivered its best quarter ever with a first quarter pre-tax profit of $3.8 billion and net income of $2.5 billion. (Photo: Business Wire)
Highlights include:
- Record quarterly pre-tax profit of $3.8B, up $2.1B; net income of $2.5B, up $1.3B; after-tax earnings per share of $0.68, excluding special items, up $0.39 from a year ago
- Strong Automotive operating-related cash flow of $2.7B, a first quarter record
- Record Automotive pre-tax profit of $3.3B, up $2.0B; Automotive operations outside North America profitable in total
- Record Automotive operating margin of 9.8 percent
About Ford Motor Company
Ford Motor Company is a global automotive and mobility company based in Dearborn, Michigan. With about 201,000 employees and 67 plants worldwide, the company’s core business includes designing, manufacturing, marketing, financing and servicing a full line of Ford cars, trucks, SUVs and electrified vehicles, as well as Lincoln luxury vehicles. At the same time, Ford is aggressively pursuing emerging opportunities through Ford Smart Mobility, the company’s plan to be a leader in connectivity, mobility, autonomous vehicles, the customer experience, and data and analytics. For more information regarding Ford, its products worldwide or Ford Motor Credit Company, visit www.corporate.ford.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160428005757/en/
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