Ford Motor(US:F)2024-10-28 22:29Q3 2024 Financial Highlights - Revenue reached $46 billion, a 5% increase year-over-year, marking the 10th consecutive quarter of YoY growth[7] - Adjusted EBIT totaled $26 billion, with a year-to-date figure of $81 billion[7] - Adjusted free cash flow (FCF) year-to-date amounted to $59 billion, achieving a 74% cash conversion rate[7] - The company holds approximately $28 billion in cash and ~$46 billion in liquidity[7] Segment Performance - Ford Blue's Q3 2024 EBIT was $16 billion[37] - Ford Model e experienced an EBIT loss of $12 billion in Q3 2024[37] - Ford Pro achieved an EBIT of $18 billion in Q3 2024, with a YTD EBIT margin of 146%[37, 7] - Ford Credit's EBT stood at $05 billion[46] Software and Subscriptions - Paid software subscriptions exceeded 805,000, demonstrating nearly 40% growth, with gross margins surpassing 50%[8] 2024 Guidance - The company anticipates a full-year adjusted EBIT of approximately $10 billion[7] - Adjusted FCF is projected to be between $75 billion and $85 billion[50] - Capital spending is expected to range from $80 billion to $85 billion[50]