- Revenue: $40.7B, -5% YoY
- Net Income: $471M, -65% YoY
- Adjusted EBIT: $1.0B, -63% YoY
CEO Jim Farley: "Ford's underlying business is strong despite near-term tariff risks."
🌱Revenue & Growth
- Ford Blue: $21.0B, -3% YoY
- Ford Model e: $1.2B, +967% YoY
- Ford Pro: $15.2B, -16% YoY
- Ford Credit: $3.3B, +16% YoY
- Wholesales Ford Blue: 588K units, -6% YoY
- Wholesales Model e: 31K units, +213% YoY
- Wholesales Ford Pro: 352K units, -14% YoY
- Ford Pro subscriptions: 675K, +4% QoQ
💰Profits & Health
- Net Income Margin: 1.2% vs 3.1% in Q1 2024
- Adjusted EBIT Margin: 2.5% vs 6.5% in Q1 2024
- Ford Blue EBIT: $96M, -$805M YoY
- Ford Model e EBIT: -$849M, +$478M YoY
- Ford Pro EBIT: $1.3B, -$1.7B YoY
- Ford Credit EBT: $580M, +$346M YoY
- Cash Flow from Operations: $3.7B, +$2.3B YoY
- Adjusted Free Cash Flow: -$1.5B vs -$1.5B in Q1 2024
- Cash: $27B, +$3.8B from Dec 31, 2024
- Liquidity: $45B, +$1B from Dec 31, 2024
📌Business Highlights
- Ford Credit paid $200M distribution to parent
- Renewed $18B corporate credit facilities
- Ford Power Promise boosted Model e US retail sales +15% YoY
- F-Series and Bronco led respective segments
- Annual meeting scheduled online May 08, 2025
🔮Future Outlook
- Adjusted EBIT guidance: $7B-$8.5B, excluding tariffs
- Tariff impact: -$1.5B net adverse EBIT
- Guidance suspended due to tariff risks
- Update planned for Q2 earnings call