Posts Tagged ‘ford q2 2013 earnings’

Ford Beats Forecast with $1.2 Billion Q2 Profit

Maker keeps on trucking – thanks to strong pickup demand.

by on Jul.24, 2013

Driving hard - strong demand for the big F-Series line helped Ford set North American earnings records for the second quarter and first half of 2013.

Ford Motor Co. delivered a second-quarter profit of $1.2 billion, a jump of $193 million over year-earlier numbers, or 18.5%. On a per-share basis, Ford earned 30 cents, a 4 cent increase compared to the April – June 2012 period.

The maker was firing on all cylinders during the second quarter, reporting improvements in all of its individual regions, and delivering record earnings in both North America and the Asia Pacific Africa region. But Ford’s big F-Series pickups carried much of the load, the trucks a major factor in the $2.3 billion pre-tax profit in the home market.

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“Our strong second quarter with improved results in every region around the world is another proof point that our One Ford plan is continuing to deliver and is building momentum,” Alan Mulally, Ford president and CEO said in a statement accompanying the earnings release.