Ford Motor (NYSE: F) reported Q3 EPS of $0.45, $0.10 better than the analyst estimate of $0.35. Revenue for the quarter came in at $50.5 billion versus the consensus estimate of $46.91 billion.

Full-Year 2025 Outlook

• Ford’s underlying business is performing at the high end of the guidance range previously outlined in February, while absorbing a $1.0 billion net tariff headwind. Additionally, between 2025 and 2026, Ford expects the Novelis fire to be a headwind of $1.0 billion or less. Full-year 2025 guidance now reflects: • A 2025 adjusted EBIT headwind of $1.5 billion to $2 billion and an adjusted free cash flow headwind of about $2 billion to $3 billion in the fourth quarter due to the Novelis fire. • That Ford has line of sight to mitigate at least $1.0 billion of the Novelis-related adjusted EBIT headwind in 2026 and is working to improve the situation further. “The Ford team, including myself, have been onsite at the Novelis plant in Oswego, New York,” said Farley. “We are working intensively with Novelis and others to source aluminum that can be processed in the cold rolling section of the plant that remains operational while also working to restore overall plant production. We have made substantial progress in a short time to minimize the impact in 2025 and recover production in 2026.”

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