Ford Rolls with Record Results in Q1

Ford Motor Company (NYSE: F)  reported its 2016 first quarter financial results, and the highlights once again show that the company continues to be on a tremendous, successful ride.

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

The company has 201,000 employees and 67 plants worldwide which support the company’s core business, which includes designing, manufacturing, marketing, financing and servicing a full line of Ford cars, trucks, SUVs and electrified vehicles, as well as Lincoln luxury vehicles.

At the same time, Ford is aggressively pursuing emerging opportunities through Ford Smart Mobility, the company’s plan to be a leader in connectivity, mobility, autonomous vehicles, the customer experience, and data and analytics.

Category: General Update