NYSE$F

Ford Motor Co · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Ford's Q3 2024 results were released, showcasing revenue growth and strategic advancements amidst industry transformation.

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%.

Headline financials

Total Revenue

$46.2B

Previous: $43.8B+5.5%
EPS

$0.22

Previous: $0.39-43.6%
EBIT Margin

5.5%

Previous: 0.1%+4483.3%
Adjusted EBIT

$2.55B

No prior period
Net Income Margin

1.9%

No prior period
Adjusted ROIC

11.4%

No prior period
Capital Expenditures

-$1.99B

Previous: -$2.21B+9.9%
Free Cash Flow

$892M

Previous: $1.2B-25.6%
Net Income

$892M

Previous: $1.2B-25.6%
Operating Income

$880M

Previous: $1.13B-22.1%
Gross Profit

$6.03B

Previous: $6.25B-3.6%
Stock-Based Comp

$129M

Previous: $112M+15.2%

Revenue & EPS history

Ford · Revenue · Quarterly

$46.2B

Q3 2024+5.5%vs Q3 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Ford · $48B total across 4 segments · Q3 2023

  • Ford Blue
    $28.7B
  • Ford Pro
    $13.8B+16.0%
  • Ford Model e
    $2.92B
  • Ford Credit
    $2.63B

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

-0.9%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-0.1%

Avg return

30 days after

42%

31 / 73 earnings

Positive

+11.6%

Q2 2022

Best reaction

-19.3%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-4.5%+42.7%
Q4 2025+2.1%+4.1%-14.0%
Q3 2025+7.5%+7.3%+4.0%
Q2 2025+1.8%+1.7%+8.3%
Q1 2025+2.7%+2.6%-0.7%
Q4 2024-7.5%-8.0%-1.1%
Q3 2024-6.0%-7.7%+0.3%
Q2 2024-19.3%-20.4%-18.5%
Q1 2024+0.8%-1.5%-6.0%
Q4 2023+10.4%+9.4%+7.1%
Q3 2023-13.7%-15.5%-9.9%
Q2 2023-3.0%-1.8%-12.9%
Q1 2023-2.2%-0.6%+0.4%
Q4 2022-4.1%-2.5%-5.1%
Q3 2022+1.3%+4.2%+9.7%
Q2 2022+11.6%+22.3%+22.9%
Q1 2022-0.6%-3.0%-7.3%
Q4 2021-12.9%-14.1%-18.3%
Q3 2021+5.8%+12.6%+23.9%
Q2 2021+4.4%+0.9%-3.5%
Q1 2021-9.8%-6.9%+16.3%
Q4 2020+2.8%+6.5%+9.6%
Q3 2020-0.3%-2.7%+14.8%
Q2 2020-4.5%-0.9%+0.3%
Q1 2020+1.7%-4.8%+13.2%
Q4 2019-7.5%-9.7%-24.9%
Q3 2019-5.2%-5.1%-2.0%
Q2 2019-6.0%-5.6%-13.8%
Q1 2019+8.8%+9.2%+2.7%
Q4 2018+1.2%-2.9%-3.4%
Q3 2018+4.7%+8.0%+6.3%
Q2 2018-6.4%-4.7%-8.4%
Q1 2018+4.3%+2.6%+5.0%
Q4 2017-3.3%-9.3%-18.7%
Q3 2017+0.2%+1.9%+0.5%
Q2 2017-0.8%-0.4%-4.0%
Q1 2017-1.1%-5.9%-5.8%
Q4 2016-2.3%-3.4%-2.5%
Q3 2016-1.3%-2.3%+1.3%
Q2 2016-8.5%-13.7%-10.5%
Q1 2016-0.7%
Q4 2015+0.8%
Q3 2015-4.5%
Q2 2015+4.5%
Q1 2015+0.8%
Q4 2014+1.7%
Q3 2014-4.0%
Q2 2014-0.9%
Q1 2014-2.1%
Q4 2013-2.9%
Q3 2013+0.5%
Q2 2013+0.1%
Q1 2013+0.8%
Q4 2012-6.2%
Q3 2012+7.7%
Q2 2012-1.1%
Q1 2012-2.4%
Q4 2011-3.7%
Q2 2011-3.7%
Q3 2011-0.9%
Q1 2011+2.0%
Q4 2007-2.7%
Q4 2010-2.7%
Q3 2010-0.9%
Q2 2010+0.5%
Q1 2009+3.1%
Q1 2010-4.9%
Q4 2009+0.1%
Q3 2008+9.8%
Q3 2009+9.8%
Q2 2009-2.8%
Q4 2008-2.8%
Q2 2008-2.8%

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