Ford Reports Strong Second Quarter Results; Pre-Tax Profit $2.9 Billion; Net Income $1.9 Billion
July 28 2015 - 7:00AM
Business Wire
Ford Motor Company (NYSE: F) today reported its 2015 second
quarter financial results. Visit media.ford.com to view the press
release and visit http://www.shareholder.ford.com/ to view the
slide presentation and access the webcast to Ford’s second quarter
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.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20150728005594/en/
Highlights Include:
- Outstanding second quarter; company on
track for a breakthrough year
- Pre-tax profit of $2.9B, up $269M or 10
percent from a year ago excluding last year's special item
charges
- Net income of $1.9B, up $574M or 44
percent from a year ago
- After-tax earnings per share of 47
cents, up 7 cents from a year ago excluding last year’s special
item charges
- Best Automotive quarterly profit since
2000
- Wholesale volume up 2 percent, driven
by North America and Europe
- Automotive revenue about equal, with
higher net pricing and volume offset by unfavorable translation
effects of the strong U.S. dollar on international operations
- Global market share grew to 7.6
percent, up one-tenth of a percentage point from a year ago
- 12 of 16 planned global new product
launches completed; remainder on track
- Introduced SYNC® 3, the all-new
communications and entertainment system
- Continued strong profit at Ford Credit;
pre-tax profit of $506M
- Ford Smart Mobility plan moved from
research to start of implementation; Ford Credit launched
car-sharing pilot in six U.S. cities and London
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in
Dearborn, Mich., manufactures or distributes automobiles across six
continents. With about 195,000 employees and 66 plants worldwide,
the company’s automotive brands include Ford and Lincoln. The
company provides financial services through Ford Motor Credit
Company. For more information regarding Ford and its products
worldwide, please visit www.corporate.ford.com.
For news releases, related materials
and high-resolution photos and video, visit
www.media.ford.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150728005594/en/
Ford Motor CompanyMedia
Inquiries:Whitney
Eichinger1.313.390.5565weiching@ford.comEquity Investment Community:Erik
Eliason1.313.594.0613fordir@ford.comFixed
Income Investment Community:Stephen
Dahle1.313.621.0881fixedinc@ford.comShareholder Inquiries:1.800.555.5259
or1.313.845.8540stockinf@ford.com
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