Core Insights - Ford reported strong earnings, beating expectations on both revenue and profit, but lowered guidance due to operational disruptions caused by a fire at their primary aluminum supplier's manufacturing plant [1][3][13] - The automotive industry is currently focused on gauging demand for both internal combustion and electric vehicles (EVs), adjusting pricing strategies, and aligning cost structures amid increasing global competition [2][4] Financial Performance - Ford and GM both had strong quarterly results, with significant sales in trucks and SUVs contributing to positive market reactions [3][7] - Ford's stock saw a notable increase of 9.5% following the earnings report, indicating investor confidence despite the challenges faced [14] Industry Challenges - The automotive supply chain, particularly among smaller tier 2 to tier 4 suppliers, is under significant strain due to recent challenges such as COVID-19 and semiconductor shortages, leading to some high-profile bankruptcies [8][9] - The industry is experiencing a gradual growth in the EV market, although at a slower pace than previously anticipated, resulting in impairment charges for major automakers [6][12] Market Dynamics - The government has extended tariff relief on imported parts, providing an advantage to domestic manufacturers like Ford and GM, especially for medium and heavy-duty trucks [3][4] - There is a concern regarding the potential impact of rising subprime delinquencies, although they currently represent a small percentage of the overall automotive financing market [11][12] Supply Chain Issues - The fire at the aluminum supplier's plant is expected to have a less severe impact than initially feared, with operations anticipated to resume by the end of the year [13] - A new semiconductor issue is emerging, which could pose significant challenges for the industry, potentially more impactful than previous shortages [13]

Kyle Grillot / Bloomberg / Getty Images Ford was the best-performing stock in the S&P 500 Friday morning. Key Takeaways Ford shares surged Friday after the automaker posted quarterly earnings that topped analysts' estimates. However, Ford cut its outlook, citing the impacts of a fire at an aluminum supplier. Investors were so impressed by Ford Motor's third-quarter results that they overlooked a guidance cut. Ford (F) shares soared over 10% to pace the S&P 500 in recent trading after the "Big Three ...

每经AI快讯，10月24日，福特汽车延续涨势，涨幅扩大至10.5%。 ...

Key Takeaways Revenues from the Ford Blue segment rose 7% YoY to $28 billion and EBIT came in at $1.54 billion.Ford Model e revenues rose 52% y/y to $1.8 billion and loss before interest and taxes totaled $1.4 billion.Revenues from the Ford Blue segment rose 11% YoY to $17.4 billion and EBIT came in at $1.98 billion.Ford (F) reported third-quarter 2025 adjusted earnings per share of 45 cents, which surpassed the Zacks Consensus Estimate of 38 cents but declined from 49 cents recorded in the year-ago quarter ...

Core Viewpoint - Ford Motor Company reported strong third-quarter earnings and sales that exceeded Wall Street expectations despite the impact of the Novelis incident [1] Financial Performance - Adjusted earnings per share for the third quarter were $0.45, surpassing the analyst average estimate of $0.36 [1] - Revenue reached a record $50.5 billion, higher than the analyst forecast of $43.7 billion, representing a year-over-year growth of 9.3% [1] - Net profit for the quarter was $2.4 billion [1] Guidance and Adjustments - The company revised its full-year adjusted EBIT forecast down to $6 billion to $6.5 billion, from a previous estimate of $6.5 billion to $7.5 billion [1] - Expected full-year adjusted free cash flow is projected to be between $2 billion and $3 billion [1] Impact of External Factors - CFO Sherry House indicated that the company had anticipated achieving over $8 billion in EBIT this year if not for the Novelis fire [1] - Ford now estimates that the tariffs introduced by the Trump administration will result in a financial loss of $1 billion, down from a previous estimate of $2 billion [1]

Core Viewpoint - Ford Motor Company (F.US) shares surged by 10% to $13.56 following the release of its Q3 earnings, which exceeded Wall Street expectations despite challenges from the Novelis incident [1][2]. Financial Performance - Adjusted earnings per share for Q3 were $0.45, surpassing the analyst average estimate of $0.36 [2]. - Revenue reached a record $50.5 billion, significantly higher than the expected $43.7 billion [2]. - Total revenue for Q3 increased by 9.3% year-over-year, with a net profit of $2.4 billion [2]. Guidance and Adjustments - The company revised its full-year adjusted EBIT forecast down to $6 billion to $6.5 billion, from a previous estimate of $6.5 billion to $7.5 billion [2]. - Ford anticipates adjusted free cash flow for the year to be between $2 billion and $3 billion [2]. Impact of External Factors - CFO Sherry House indicated that the company had initially expected to achieve over $8 billion in EBIT this year, but the Novelis fire impacted this outlook [2]. - The financial impact of tariffs introduced by the Trump administration is now estimated to be a $1 billion loss, reduced from a prior estimate of $2 billion [2].

格隆汇10月24日｜福特汽车(F.US)拉升涨超10%报13.6美元，股价创2024年7月以来新高。福特汽车发布 2025年第三季度财报显示，营收505亿美元，同比增长9.3%，创历史新高，净利润24亿美元；调整后每 股收益0.45美元。 福特汽车将全年调整后息税前利润预期下调至60亿美元至65亿美元，此前预计65亿美元至75亿美元。福 特汽车仍然预测全年资本支出大约90亿美元；福特预计全年调整后自由现金流20亿美元至30亿美元。 来源：格隆汇APP 福特中国更是实现了连续九个季度盈利，出口业务保持强劲增长势头。 ...

Core Viewpoint - Ford reported third-quarter results that exceeded expectations, but anticipates financial impacts from the Novelis aluminum plant fire affecting F-150 pickups and SUVs, although the plant is expected to reopen earlier than initially projected, leading to a positive stock reaction [1][4]. Financial Impact - The Novelis aluminum plant fire is projected to create a $1.5 billion to $2.0 billion adjusted EBIT headwind in 2025, affecting full-year cash flow, but Ford expects to mitigate at least $1 billion of this impact in 2026 [2]. - Ford adjusted its full-year guidance lower, now forecasting adjusted EBIT of $6 billion to $6.5 billion (down from $6.5 billion to $7.5 billion) and adjusted free cash flow of $2 billion to $3 billion (down from $3.5 billion to $4.5 billion) [3]. Production Adjustments - Ford plans to increase F-150 and F-Series Super Duty production by over 50,000 trucks in 2026 to meet demand and recover from production losses due to the Novelis fire, while pausing F-150 Lightning EV pickup production to prioritize gas and hybrid truck production [5]. - Ford's CFO indicated that the company would have raised its full-year guidance if not for the Novelis fire, with adjusted EBIT tracking at over $8 billion for the year [4]. Analyst Insights - Bank of America analyst Federico Merendi viewed Ford's updates positively, raising the price target to $14.50 from $13.50 and maintaining a Buy rating [5]. - Merendi also noted that Ford expects to recover approximately half of the EBIT lost in Q4 2025 in 2026, with potential benefits from a more favorable regulatory environment and lower warranty costs, projecting adjusted EBIT for 2026 in the range of $8.5 billion to $10.5 billion [6].

Ford's disciplined hybrid and affordable EV strategy improves profitability outlook amid slower EV adoption. ...

每经AI快讯，10月24日，福特汽车股价涨幅达7%，创2024年7月以来新高。 ...