Ford Media Center

Ford Delivers Best Quarter Ever with First Quarter Pre-Tax Profit of $3.8B; Net Income of $2.5B

 

DEARBORN, Mich., April 28, 2016 – Ford Motor Company [NYSE: F] today reported its 2016 first quarter financial results. Visit media.ford.com to view the news release and visit http://www.shareholder.ford.com to view the slide presentation and access the webcast to Ford’s earnings call, which begins at 9 a.m. EDT with Mark Fields, president and chief executive officer, and Bob Shanks, executive vice president and chief financial officer.

Highlights include:

  • Record quarterly pre-tax profit of $3.8B, up $2.1B; net income of $2.5B, up $1.3B; after-tax earnings per share of $0.68, excluding special items, up $0.39 from a year ago
  • Strong Automotive operating-related cash flow of $2.7B, a first quarter record
  • Record Automotive pre-tax profit of $3.3B, up $2.0B; Automotive operations outside North America profitable in total
  • Record Automotive operating margin of 9.8 percent

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