NEW YORK, August 10, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on Ford Motor
Company (NYSE: F). Select highlights from the internally
released reports are being made available to the general public
(included below), with access to the entirety of the research
available to new members.
Today, membership is open to readers on a complementary basis at
the following URL: http://www.aciassociation.com/?c=F
Highlights from our F Report include:
- Second Quarter 2015 Results - On July 28, 2015, the automobile manufacturer, Ford
Motor Co. (Ford) announced results for the second quarter of the
fiscal year ending 2015. As per the release, the Company is on
track for a breakthrough year following the excellent results for
the second quarter. Commenting on the financial performance,
President and Chief Executive Officer, Mark
Fields remarked, "We delivered an outstanding second
quarter, a great first half of 2015, and we are confident the
second half of the year will be even stronger."
- Performance Highlights - Ford's revenue
during Q2 remained almost flat at $37.3
billion as higher net pricing and volume growth was offset
by unfavorable translation effects of the strong USD on
international operations. Pre-tax profit for the reported quarter
increased by $269 million on y-o-y
basis to $2.9 billion. Net income
grew by 44% year-over-year to arrive at $1.9
billion. For Q2 2015 Ford's after-tax earnings per
share stood at 47 cents, representing an increase of
7 cents year-over-year excluding last
year's special items charges. Ford highlighted that in Q2, the
Company recorded the best automotive quarterly profit since 2000
supported by higher profit growth in North America and Asia Pacific. During the quarter, the
Company's global market share grew to 7.6%, up one-tenth of a
percentage point from a year ago.
- Strong Performance from the North America and Asia-Pacific
Regions - Ford noted that in North America, its revenue grew by
$2.1 billion to $23.3 billion during Q2 2015. Further, in this
region Ford generated a pre-tax profit of $2.6 billion, up $157
million from last year's record profit. Meanwhile, improved
results from the Asia-Pacific
region were driven by lower costs and favorable exchange. Despite a
decline in wholesale volume and revenue in this region, Fords'
pre-tax profit from Asia-Pacific
increased by $33 million to
$192 million.
- Outlook for the Full Year - The auto-maker
reconfirmed its guidance for the full year, 2015. The Company said
that it expects the pre-tax profit to be in the range of
$8.5 billion to $9.5 billion. The
Company stated that it expects the revenues, operating margin and
operating cash-flow in 2015 to be higher than that recorded in
2014.
To find out how this influences our rating on Ford Motor
Company, read the full report in its entirety here:
http://www.aciassociation.com/?c=F
--
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