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Ford reports worst quarterly earnings miss in four years, guides for better 2026
CNBC· 2026-02-10 21:07
Core Viewpoint - Ford Motor is expected to report a decline in revenue and adjusted earnings per share for the fourth quarter and year-end results, reflecting challenges in its business operations [2][3]. Financial Performance - The anticipated results indicate a 6.8% decline in revenue compared to the previous year, with adjusted earnings per share expected to fall by more than 50% [2]. - For the fourth quarter of 2024, Ford's automotive revenue is projected to be $44.9 billion, with a net income of $1.8 billion, translating to 45 cents per share, and adjusted earnings before interest and taxes of $2.1 billion, or 39 cents per share adjusted EPS [2]. Special Items and Charges - Ford's fourth-quarter results will include significant one-time charges, such as $600 million related to adjustments in postretirement benefits and a majority of $19.5 billion associated with restructuring its business priorities and reducing investments in all-electric vehicles [3]. - Automakers typically exclude these "special items" from adjusted financial results to provide a clearer view of ongoing business operations [3]. Business Outlook - Investors are keenly awaiting updates on Ford's business plans and forecasts for 2026, as well as production updates for its F-Series pickup trucks, particularly following a supplier fire that has affected operations [4].