Ford Motor (F) Tops Q1 EPS by 18c

Ford Motor (NYSE: F) reported Q1 EPS of $0.44, $0.18 better than the analyst estimate of $0.26. Revenue for the quarter came in at $40.3 billion versus the consensus estimate of $37.05 billion.

Net Income of $1.1B and Adj. EBIT of $2.4B driven by strong North America and Ford Credit results; Ford on track to deliver better full-year results in 2019 than 2018

• North America EBIT margin at 8.7%, up 0.9 ppts, driven by strong net pricing and product mix

• Ford making progress in operations outside North America, with an EBIT loss of $196M, about flat year over year and a $632M improvement from prior quarter

• Incurred $592M of charges for special items, the vast majority a result of Europe and South America redesign actions

• Ended the quarter with $24.2B in cash and $35.2B in liquidity; both above targets

For earnings history and earnings-related data on Ford Motor (F) click here.

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