Ford delivers best quarter ever with first quarter pre-tax profit of $3.8b; net income of $2.5b
28.04.2016Company: Amcham
Ford Motor Company [NYSE: F] today reported its 2016 first quarter financial results. Visit media.ford.com to view the news release and visit http://www.shareholder.ford.com to view the slide presentation and access the webcast to Ford’s earnings call, which begins at 9 a.m. EDT with Mark Fields, president and chief executive officer, and Bob Shanks, executive vice president and chief financial officer.
Highlights include:
- Record quarterly pre-tax profit of $3.8B, up $2.1B; net income of $2.5B, up $1.3B; after-tax earnings per share of $0.68, excluding special items, up $0.39 from a year ago
- Strong Automotive operating-related cash flow of $2.7B, a first quarter record
- Record Automotive pre-tax profit of $3.3B, up $2.0B; Automotive operations outside North America profitable in total
- Record Automotive operating margin of 9.8 percent
VIEW THE FULL PRESS RELEASE (PDF)
DOWNLOAD FINANCIAL SLIDES (PDF)
