Ford Motor(US:F) CNBC·2025-10-23 20:14Core Viewpoint - Ford Motor exceeded Wall Street's third-quarter earnings expectations but lowered its 2025 guidance due to a supplier fire impacting production of large trucks and SUVs [1][6]. Financial Performance - Ford's third-quarter revenue reached a record $50.5 billion, a 9% increase year-over-year, with net income of $2.4 billion, up from $900 million a year earlier [9]. - Adjusted earnings per share were 45 cents, surpassing the expected 36 cents, and automotive revenue was $47.19 billion, exceeding the anticipated $43.08 billion [12]. Impact of Supplier Fire - The fire at Novelis' New York plant is expected to cost Ford between $1.5 billion and $2 billion, but the company aims to mitigate much of this impact by increasing production of affected vehicles [2][3]. - Ford plans to add 1,000 workers early next year to boost U.S. pickup truck production, expecting to recover 50,000 units of truck production by 2026 [3]. Revised Guidance - Ford's new 2025 guidance includes 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, reduced from $3.5 billion to $4.5 billion [6]. - Without the supplier fire, Ford was planning to raise its 2025 guidance to over $8 billion in adjusted EBIT [6]. Operational Developments - The impacted section of the Novelis plant is expected to restart by late November or early December, while other areas continue to operate [5]. - Ford is working with Novelis to source aluminum from operational sections of the plant to minimize production disruptions [4]. Strategic Initiatives - The Ford+ plan aims to improve operational efficiency and is on track to cut $1 billion in costs this year [11]. - The "Pro" commercial and fleet business reported EBIT results of nearly $2 billion, while the "Model e" electric vehicle business widened losses to $1.41 billion [13].