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

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams.  The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers.  Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles:  Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles.  The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company.  Ford employs about 182,000 people worldwide.  More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com.

CO2 Emission