$F -4.20% After hours
F/Y GUIDANCE
🔸Sees ADJ Ebit $10B, saw $10B to $12B, EST $10.63B
🔸Sees Ford Pro Ebit $9B, saw $9B to $10B
🔸Sees Ford Blue Ebit $5B, saw $6B to $6.5B
🔸Sees Ford Model e Ebit loss $5B, saw loss $5B to loss $5.5B
🔸Sees Ford Credit EBT about $1.6B
🔸Sees capital expenditure $8B to $8.5B, saw $8B to $9B, EST $8.39B
🔸Still sees ADJ free cash flow $7.5B to $8.5B
RESULTS: Q3
🔸Total revenue $46.2B, +5.5% y/y
🔸Ford Blue revenue $26.2B, EST $24.63B
🔸Ford Model e revenue $1.2B, EST $1.42B
🔸Ford Pro revenue $15.7B, EST $15.28B
🔸ADJ EPS $0.49, EST $0.49
🔸ADJ Ebit $2.6B, +18% y/y, EST $2.77B
🔸ADJ Ebit margin 5.5% vs. 5% y/y, EST 6.3%
🔸Ford Blue Ebit $1.63B, EST $1.77B
🔸Ford Model e Ebit loss $1.22B, EST loss $1.34B
🔸Ford Pro Ebit $1.81B