Ford Reports Strong Second Quarter Results; Pre-Tax Profit $2.9 Billion; Net Income $1.9 Billion


Ford Reports Strong Second Quarter Results; Pre-Tax Profit $2.9 Billion; Net Income $1.9 Billion

Ford Motor (NYSE:F)
Intraday Stock Chart

Today : Tuesday 28 July 2015
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Ford Motor Company (NYSE: F) today reported its 2015 second quarter financial results. Visit media.ford.com to view the press release and visit http://www.shareholder.ford.com/ to view the slide presentation and access the webcast to Ford’s second quarter 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.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150728005594/en/

Highlights Include:

  • Outstanding second quarter; company on track for a breakthrough year
  • Pre-tax profit of $2.9B, up $269M or 10 percent from a year ago excluding last year’s special item charges
  • Net income of $1.9B, up $574M or 44 percent from a year ago
  • After-tax earnings per share of 47 cents, up 7 cents from a year ago excluding last year’s special item charges
  • Best Automotive quarterly profit since 2000
  • Wholesale volume up 2 percent, driven by North America and Europe
  • Automotive revenue about equal, with higher net pricing and volume offset by unfavorable translation effects of the strong U.S. dollar on international operations
  • Global market share grew to 7.6 percent, up one-tenth of a percentage point from a year ago
  • 12 of 16 planned global new product launches completed; remainder on track
  • Introduced SYNC® 3, the all-new communications and entertainment system
  • Continued strong profit at Ford Credit; pre-tax profit of $506M
  • Ford Smart Mobility plan moved from research to start of implementation; Ford Credit launched car-sharing pilot in six U.S. cities and London

About Ford Motor Company
 
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 195,000 employees and 66 plants worldwide, the company’s automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford and its products worldwide, please visit http://www.corporate.ford.com.

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