Posts Tagged ‘Ford Third Quarter Results’

Ford Profits Rise 63 Percent in Third Quarter

Truck sales, cost cutting helps lead the way.

by on Oct.26, 2017

Ford CEO Jim Hackett said the company is getting itself in a better position for the future with its Q3 results.

This story has been updated with new information.

Ford enjoyed a strong third quarter, reporting a 63% rise in net income to $1.6 billion, or 39 cents per share, on revenue of $36.5 billion, largely on cost control measures and strong truck sales in North America.

The company’s operating profit for the third quarter was $2 billion or 43 cents per share, which was up 40% compared with year-ago period.

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“I want to smile with the results today because we’re going to build on this going forward,” said Ford CEO Jim Hackett during a conference call.  (more…)

Ford Motor Third Quarter Net Income is $1 Billion

North America returns to black for the first time in more than four years.

by on Nov.02, 2009

Ford is slowly pulling out of a prolonged slump.

Ford is slowly pulling out of a prolonged slump.

Ford Motor Company [NYSE: F] today reported net income of $997 million, or 29 cents per share, in the third quarter.

The Dearborn based automaker attributed the improvement to new products, structural cost reductions and improved results at Ford Credit.

This is a $1.2 billion improvement compared with the same period last year.

Excluding special items, Ford posted pre-tax operating profits totaling $1.1 billion, an improvement of $3.9 billion from a year ago. This marks the company’s first operating profit since the first quarter of 2008. On an after-tax basis, excluding special items, Ford posted an operating profit of $873 million in the third quarter, or 26 cents per share, compared with a loss of $3 billion, or $1.32 per share, a year ago.

Bottom Line - Free!

Bottom Line - Free!

Ford’s North American operations posted a pre-tax operating profit of $357 million, its first quarterly profit since the first quarter of 2005. Ford South America, Ford Europe and Ford Asia Pacific Africa also posted pre-tax operating profits in the third quarter.

(more…)