Ford Motor Co.

NYSE:F   3:59:59 PM EDT
0.00 (-0.04%)
5:20:20 PM EDT: $12.23 +0.09 (+0.70%)
Positive Earnings Pre-Announcement

Ford Says FY Adjusted EBIT Now Expected To Be $5.5 Billion To $6.5 Billion

Published: 04/28/2021 21:03 GMT
Ford Motor Co. (F) - Q1 Revenue Increases to $36.2 Billion, Producing Net Income of $3.3 Billion, Best Since 2011, and Record Adjusted Ebit of $4.8 Billion.
Ford - Full-year Adjusted Ebit Now Expected to Be $5.5 Billion to $6.5 Billion, Including About $2.5 Billion Adverse Effect From Semiconductor Shortage.
Ford - Qtrly GAAP EPS 81 Cents.
Ford - Qtrly Non GAAP EPS 89 Cents.
Ford - Updated Its 2021 Outlook to Account for Expanded Consequences From the Semiconductor Shortage, Made Worse by the Recent Supplier Fire in Japan.
Ford - Now Expects to Lose About 50% of Its Planned Q2 Production, Up From 17% in Q1, Again, Implying That Q2 Will Be the Trough of the Issue.
Ford - Q1 Adjusted Free Cash Flow Was Negative $396 Million, Primarily Reflecting Temporary Effects of Adverse Timing Differences and Higher Inventory.
Ford - Anticipates the Flow of Semiconductors From the Japan Supplier to Resume by the End of the Second Quarter.
Ford - Anticipates That the Broader Global Semiconductor Shortage May Not Be Fully Resolved Until 2022.
Ford - Now Assumes That It Will Lose 10% of Planned Second-half 2021 Production.
Ford - CFO John Lawler Said Semiconductor Availability Will Get Worse Before It Gets Better.
Ford - Now Expects to Lose About 1.1 Million Units of Production This Year to the Semiconductor Shortage.
Ford - Expects 100% of Passenger Vehicles to Be All-electric & Two-thirds of Commercial Vehicles to Be All-electric/plug-in Hybrids in Europe by 2030.
Revenue is expected to be $27.26 Billion
Adjusted EPS is expected to be -$0.33

Next Quarter Revenue Guidance is expected to be $38.34 Billion
Next Quarter EPS Guidance is expected to be $0.18

More details on our Analysts Page.