🔹 Adj. EPS: $0.45 (Est. $0.36) 🟢
🔹 Revenue: $50.5B (Est. $43.1B) 🟢; UP +9% YoY
🔹 Adj. EBIT: $2.6B; Flat YoY despite $0.7B tariff headwind
FY25 Guidance (Cut Due to Novelis Fire)
🔹 Adj. EBIT: $6.0B–$6.5B (Prev. $6.5B–$7.5B) 🔴
🔹 Adj. Free Cash Flow: $2.0B–$3.0B (Prev. $3.5B–$4.5B) 🔴
🔹 Capex: ~$9.0B (unchanged)
🔹 Sees $1.5B–$2.0B EBIT hit in 2025 from Novelis supplier fire; expects ~$1B recovery in 2026
Q3 Segment Results
🔹 Ford Pro Revenue: $17.4B (Est. $16.4B) 🟢; EBIT $1.99B
🔹 Ford Blue EBIT: $1.54B (Est. $1.2B) 🟢
🔹 Model e Revenue: $1.8B (Est. $1.78B) 🟢; EBIT Loss $1.41B (vs. -$1.24B LY)
Operational Updates
🔹 Plans to boost F-Series truck output by 50,000 units in 2026, adding 1,000 jobs in Michigan & Kentucky.
🔹 Fire impact contained — no material Q3 effect, but Q4 headwind expected.
🔹 Tariff impact reduced by $1B after U.S. policy adjustment.
Executive Commentary
🔸 CEO Jim Farley: “We’ve made substantial progress minimizing the 2025 impact and will recover production in 2026.”
🔸 CFO Sherry House: “Without the supplier fire, we’d have raised guidance above $8B EBIT — the core business remains strong.”