Ford Motor Co. (F) has reported fourth-quarter 2024 financial results that beat Wall Street forecasts on the top and bottom lines.
The Detroit automaker announced earnings per share (EPS) of $0.39 U.S., which was ahead of the $0.35 U.S. consensus forecast of analysts.
Revenue in the quarter totaled $44.90 billion U.S., which topped the $43.02 billion U.S. expected on Wall Street.
For all of 2024, Ford reported EPS of $1.46 U.S. and record revenue, including its financing arm, of $185 billion U.S.
Despite the strong results, Ford’s stock is down 6% after the company forecast a difficult year ahead as it moves to improve vehicle quality and lower costs.
Ford is calling for earnings of $7 billion U.S. to $8.5 billion U.S. and capital expenditures of $8 billion U.S. to $9 billion U.S. The guidance overshadowed Ford’s quarterly results.
In its earnings call with analysts and media, Ford addressed the threat of trade tariffs, which could impact the U.S. auto industry as it is intertwined with Canada and Mexico.
Ford’s management team said that its forward guidance does not factor in additional tariffs from the Trump administration.
The company said its 2025 guidance, which is lower than many analysts expected, “presumes headwinds related to market factors” such as 2% industry lower pricing and slower sales.
“Given the pause in the current tariff situation, specifically in Mexico and Canada, we are not choosing to take any actions at this time,” said Ford Chief Financial Officer Sherry House.
Management added that the first half of this year is expected to be weaker than the second half.
Prior to today (Feb. 6), Ford’s stock had declined 17% in the last 12 months to trade at $10.01 U.S. per share.
