Ford Motor Company (NYSE:F ) Q4 2024 Earnings Conference Call February 5, 2025 5:00 PM ET Company Participants Lynn Antipas Tyson - Executive Director, Investor Relations Jim Farley - President & Chief Executive Officer Sherry House - Incoming Chief Financial Officer Conference Call Participants Dan Levy - Barclays Daniel Roeska - AllianceBernstein Adam Jonas - Morgan Stanley Emmanuel Rosner - Wolfe Research Mark Delaney - Goldman Sachs Joseph Spak - UBS Operator Good day, everyone. My name is Leila, and I will be your conference operator today.
Ford CEO Jim Farley on Wednesday called for a "comprehensive" look at U.S. tariffs involving automobiles to level the playing field for the American automaker. Farley singled out imports from Japan and South Korea that have little to no duties compared with the 25% tariff President Donald Trump has threatened Canada and Mexico with in recent weeks.
Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a loss similar to last year and a sign of the severe difficulties in cutting costs on battery-powered models.
While the top- and bottom-line numbers for Ford Motor (F) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ford Motor Company (F) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.29 per share a year ago.
Ford CEO Jim Farley warns that with Trump's tariffs we could see "billions of billions of dollars of pressure on the [auto] industry, lost jobs, lots of impacts to communities"
Ford CEO Jim Farley discusses the expected drop in vehicle prices, the potential impact of President Donald Trump's tariffs and the automaker's electric vehicle plans on "Bloomberg The Close." Ford said earnings before interest and taxes will fall to a range of $7 billion and $8.5 billion, down from the $10.2 billion profit it generated in 2024.
Jim Farley, Ford CEO, joins 'Closing Bell: Overtime' to discuss Ford earnings, impact of Mexico and Canada's tariffs and cost reduction plans.
CNBC's Phil LeBeau joins 'Closing Bell: Overtime' to report on Ford's earnings report.
Ford Motor Company (NYSE:F) reported fourth-quarter earnings that surpassed Wall Street expectations on Tuesday, but its electric vehicle (EV) division posted a steep loss and the automaker warned of increasing challenges ahead. The company posted earnings per share of $0.39, exceeding analysts' estimates of $0.32, while revenue came in at $48.2 billion, ahead of the $42.8 billion forecast.
Car maker raises alarm with a light guidance for the year, saying profits will be marred by “headwinds related to market factors.”
Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a loss similar to last year and a sign of the severe difficulties in cutting costs on battery-powered models.