Ford Delivers Best Quarter Ever with First Quarter Pre-Tax Profit of $3.8B; Net Income of $2.5B
April 28 2016 - 7:00AM
Business Wire
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.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160428005757/en/
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160428005757/en/
Media Inquiries:Whitney Eichinger,
1-313-390-5565weiching@ford.comorEquity
Investment Community:Erik Eliason,
1-313-594-0613fordir@ford.comorFixed Income
Investment Community:Stephen Dahle,
1-313-621-0881fixedinc@ford.comorShareholder
Inquiries:1-800-555-5259 or
1-313-845-8540stockinf@ford.com
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