Ford Motor Co (NEOE:F)

C$ 9.77 -0.16 (-1.61%) Market Cap: 61.42 Bil Enterprise Value: 231.44 Bil PE Ratio: 12.61 PB Ratio: 1.00 GF Score: 59/100

Q3 2024 Ford Motor Co Earnings Call Transcript

Oct 28, 2024 / 09:00 PM GMT

Release Date Price: C$10.03 (+2.56%)

Transcript 10-Q8-K

Key Points

Positve

Ford Motor Co (F) reported a 5% increase in revenue, marking the 10th consecutive quarter of year-over-year revenue growth.
The company's restructuring efforts in international markets have turned previously loss-making regions into profitable ones.
Ford's EV strategy is progressing, with significant cost reductions achieved in the Mustang Mach-E, reducing costs by $5,000 per unit.
Ford Pro continues to show strength with a 13% increase in revenue and a healthy EBIT margin of 11.6%.
The company has a strong balance sheet with $28 billion in cash and $46 billion in liquidity, providing flexibility for future investments.

Negative

Ford Motor Co (F) is facing higher than expected warranty costs, which are impacting overall profitability.
The company is experiencing pricing pressures in the EV market due to increased competition and a global price war.
Supply chain disruptions have led to lower than planned volumes in the second half for Ford Pro and Ford Blue.
Inflationary pressures, particularly in Turkey, are increasing material costs for Transit vans sold in Europe.
Despite cost reduction efforts, Ford has not closed the cost gap with competitors, indicating a need for accelerated cost-cutting measures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

F.N - Ford Motor Co
Q3 2024 Ford Motor Co Earnings Call
Oct 28, 2024 / 09:00PM GMT

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Presentation
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Unidentified Participant [1]
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Thank you. Great. Thanks. In in in in in May. The conference is now in presentation made good day, everyone. My name is Kayla, and I will be your conference operator today. At this time, I would like to welcome you to the Ford Motor Company Third Quarter 2024 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you would like to ask a question during this time, if you have joined via the webinar, please use the raise hand icon, which can be found at the bottom of your web and our application group was if you have joined by phone, please dial star five on your keypad to raise your hand. At this time, I would like to turn the

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