Ford Surpasses EPS Expectations Despite Mixed Q1 Results

Published 6 hours agoF

Ford Surpasses EPS Expectations Despite Mixed Q1 Results

Ford Motor Co. has announced its earnings for the first quarter, showing a mixed bag of results. The company's adjusted earnings per share came in at 49 cents, beating Wall Street's forecast of 43 cents. However, Ford's revenue of $42.78 billion slightly increased by 3.2% but missed analysts' expectations of $42.93 billion, as reported by the Associated Press.

Breaking down the performance by segment, Ford's traditional combustion engine unit, known as Ford Blue, saw a 13% decline in revenue due to lower inventories and changes in the F-150 pickup. In contrast, its commercial vehicle unit, Ford Pro, more than doubled its pretax earnings to over $3 billion, with a 36% rise in revenue. Meanwhile, the electric vehicle segment, Model E, experienced a hefty $1.3 billion loss, reflecting ongoing challenges in the EV market. Reuters highlighted Ford's anticipation of a $2.5 billion impact from tariffs this year, contributing to the suspension of their 2025 financial guidance.

Despite these challenges, Ford maintained its full-year pretax earnings forecast between $10 billion and $12 billion, albeit with a slight reduction in capital spending plans to boost capital efficiency. Following the earnings release, Ford's shares enjoyed a 3% rise in after-hours trading, signaling market confidence in the company's strategic direction in the face of industry-wide transitions.

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