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CFO Lawler to Affirm Full-Year 2024 Operating Guidance at BofA Summit
DEARBORN, Mich., March 26, 2024 – The Ford+ growth plan is providing customers with the mix of gas, hybrid and electric personal and commercial vehicles and services they want, while improving growth, margins and capital efficiency and reducing cyclicality – prompting the company to reiterate its expectations for full-year 2024 operating results.
That’s the summary of what Ford CFO John Lawler will say today (Tuesday) during fireside-chat remarks at the BofA Securities Auto Summit. Lawler will speak at 12:10 p.m. ET. His comments will be webcast “live” and on replay and a transcript of them will be available afterward, all via shareholder.ford.com.
Lawler will affirm the operating guidance that Ford provided in early February: adjusted earnings before interest and taxes of $10 billion to $12 billion, adjusted free cash flow of
$6 billion to $7 billion, and capital expenditures of $8 billion to $9.5 billion.
He’ll also describe specific achievements within the Ford+ plan and its three distinct, customer-centered business segments: Ford Blue for iconic gas and hybrid vehicles; Ford Pro, with tailored products and services to help commercial customers transform their enterprises; and Ford Model e, which is developing breakthrough electric vehicles along with connected, software-enabled capabilities and experiences that are being applied across the company’s global product lineup.
Ford plans to report first-quarter 2024 financial results on Wednesday, April 24.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, 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 customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford provides financial services through Ford Motor Credit Company. Ford employs about 174,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.