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Tue, Jan. 12, 5:37 PM
Tue, Jan. 12, 4:32 PM
- Ford (NYSE:F) now expects its 2015 op. profit (exc. special items) to be in the upper half of a prior $10B-$11B guidance range.
- Excluding special items, 2016 op. profit is "expected to be equal to or higher than 2015." The same goes for automotive revenue and op. margin. Operating EPS is expected to be "about equal to or higher than 2015."
- Ford: "In the business units, Ford expects North America to sustain its strong performance in 2016 with an operating margin of 9.5 percent or higher. The company expects Europe, Middle East & Africa, and Asia Pacific to all be profitable in 2016, with Europe's and Asia Pacific's results improving over 2015 and Middle East & Africa's results being about equal to or higher than last year. Ford Credit's pre-tax profit is expected to be equal to or higher than 2015..."
- 12 global product launches are expected in 2016, and "more electrified products for Ford and Lincoln" are promised. The latter includes a new Focus Electric said to deliver "an 80 percent charge in an estimated 30 minutes and projected 100-mile range."
- In addition to its regular $0.15/share quarterly dividend, Ford is declaring a $0.25/share supplemental dividend.
- F -2.7% after hours to $12.50. The guidance comes ahead of a Deutsche auto industry conference presentation set for 6:45PM ET today (webcast).
Thu, Jan. 7, 8:20 AM
Dec. 15, 2015, 6:36 PM
- Ford (F +1.9%) says it's received a permit to begin tests of its fully autonomous self-driving Fusion Hybrid models on California's public roads.
- The company is expanding work on autonomous vehicles at its Palo Alto Research and Innovation Center, where it has more than 100 employees working on the project after it opened in January.
- The lab has conducted research on virtual test driving, fusing the views that various sensors on a vehicle provide, pedestrian detection, and data-driven health care for rural Africa.
- Google (the old name for Alphabet) had said a year ago that it was talking with Ford as well as GM, Toyota and others about bringing a self-driving car to market by 2020.
- Ford also will work with cloud company Pivotal to speed up its connected-car work and boost its recently launched Ford SYNC Connect offering. Initial features include door lock/unlock, scheduling starts to warm up or cool down the vehicle, check fuel/oil levels and locating the vehicle.
Dec. 9, 2015, 9:53 AM
- The NHTSA proposes adding new safety categories to its ratings systems with an aim to accelerate technology innovation and integration.
- Safety features such as forward collision warnings, blind-spot alerts, lane departure information, and rear cameras would be part of the ratings system under the changes.
- The push from the regulator could help some auto suppliers such as Delphi Automotive (DLPH +1.4%) and Mobileye (MBLY +2.5%), notes the WSJ.
- Autoliv (ALV +2.1%), WABCO Holdings (WBC +1.5%), Borg Warner (BWA +1.3%), and Meritor (MTOR +1.3%) are all ahead of market averages in early action today, perhaps due to the NHTSA strategy reveal.
- Related auto stocks GM, F, TM, HMC, OTCPK:NSANY, OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY, TSLA, TTM, OTC:HYMLF.
- NHTSA press release
Dec. 1, 2015, 9:23 AM
Oct. 27, 2015, 9:34 AM
- Ford (F -4%) CFO Bob Shanks said during the earnings conference call that the EPS miss by the company was due "entirely" to a higher tax rate than anticipated.
- Shanks notes operating results were spot on, but Wall Street analysts pegged the tax rate at 34% vs. 33% reported.
- Execs with Ford also pointed to the $1.9B in net income and meaningful contribution from the F-150 as highlights from the quarter. Also of note, Q3 automotive-related cash flow was a record $2.8B.
- Looking ahead, Ford says it's well-positioned to take advantage of the "disruption" in the industry.
- Ford's earnings call webcast
- Previously: Ford Motor misses by $0.02, beats on revenue (Oct. 27 2015)
- Previously: Profit soars at Ford in Q3 (Oct. 27 2015)
Oct. 27, 2015, 7:45 AM
- Ford (NYSE:F) is lower in early trading after narrowly missing the Q3 profit estimate of analysts.
- The automaker generated pre-tax profit of $2.7B, up 125% from a year ago. Net income was $1.9B vs. $1.1B last year.
- Operating margin by region: North America 11.3%, South America -10.3%, Europe -2.6%, Middle East/Africa -1.6%, Asia Pacific +0.8%.
- Ford earnings release (.pdf)
- Previously: Ford Motor misses by $0.02, beats on revenue (Oct. 27 2015)
- Ford -3.38% premarket to $15.15.
Oct. 21, 2015, 10:20 AM
- Automobile stocks are largely higher after General Motors (NYSE:GM) reports record profit for Q3.
- GM is leading the pack with a 4% gain - while Daimler (OTCPK:DDAIF +2.6%), Honda (HMC +2.5%), Toyota (TM +1.7%), Nissan (OTCPK:NSANY +1.6%), Ford (F +0.9%), and BMW (OTCPK:BAMXY +1%) are all ahead of market indexes. Even Volkswagen (OTCQX:VLKAY) is clawing itself back with a 2.1% increase.
- The two laggards are Fiat Chrysler Automobiles FCAU which is down 2.9% and Tesla Motors (TSLA -0.8%). Fiat was hit with a negative EU tax ruling and has the Ferrari (NYSE:RACE) IPO stealing some of its thunder, while Tesla Motors is still stinging from a Consumer Reports jab yesterday.
Aug. 24, 2015, 9:45 AM
- Automaker stocks are one of the hardest hit sectors in early trading.
- Concerns over demand in China and ambitious capacity growth in the automobile industry have been raised to a new level.
- Notable decliners include General Motors (GM -5.4%), Ford (F -5.6%), Toyota (TM -6%), Honda (HMC -5.9%), and Tesla Motors (TSLA -6.1%).
Aug. 3, 2015, 9:20 AM
- Ford (NYSE:F) unit sales +4.9% to 222,731 units vs. 1.8% growth expected.
- Passenger car sales -3.9% to 66,004 units in the month.
- Utilities sales +13.4% to 73,632 units.
- Truck sales +5.7% to 83,095 units.
- Ford +1.32% to $15.02 premarket.
Jul. 28, 2015, 7:22 AM
- Ford (NYSE:F) grew pretax profit by 10% to $2.9B in Q2. Operating margin was up 60 bps to 7.2%.
- Wholesale volume was up 2% during the period, pushing up Ford's global market share by 10 bps to 7.6%.
- North America: Revenue $23.3B, operating margin -50 bps to 11.1%, volume and pricing strong, record profit level for the quarter.
- South America: Revenue $1.5B, operating margin +160 bps to -12.4%, strong demand for the Ka model.
- Europe: Revenue -14% to $7.0B due in part to F/X, operating margin -40 bps to -0.2%.
- Middle East/Africa: Revenue $0.9B, operating margin -710 bps to -5.1%, wholesale volume down 10%.
- Asia Pacific: Revenue $2.4B, operating margin +230 bps to 7.8%.
- Previously: Ford Motor beats by $0.10, beats on revenue
- F +1.58% premarket to $14.80.
Apr. 28, 2015, 7:29 AM
- Ford (NYSE:F) reports pre-tax profit rose 17% Y/Y to $1.4B in Q1.
- Operating margin for the automotive part of the business was up 20 bps to 3.6%.
- Automotive revenue by segment: North America -2% to $20B, South America -20% to $1.5B, Europe -11% to $6.9B, Middle East & Africa $1.1B, Asia Pacific -14% to $2.3B
- Automotive operating-related cash flow ended the quarter at $500M.
- The financial services business saw pre-tax profit of $483M, essentially flat from a year ago.
- Ford reconfirms 2015 pre-tax profit guidance of $8.5B to $9.5B.
- F -1.64% premarket.
Mar. 3, 2015, 9:24 AM
- Ford (NYSE:F) unit sales -1.9% to 180,383 vs. the +5% to +6% expected range from analysts.
- Passenger car sales fell 8.1% to 56,081 during the month.
- Utilities sales -2.3% to 54,420.
- Truck sales +4.0% to 69,882 led by the new aluminum-bodied F-150.
- Shares of Ford are down 3.8% premarket to $15.95 after the sales report.
Feb. 3, 2015, 9:22 AM
Jan. 29, 2015, 7:08 AM
- Ford Motor (NYSE:F): Q4 EPS of $0.26 beats by $0.03.
- Revenue of $35.9B (-4.5% Y/Y) beats by $1.1B.
- Shares +1.2% PM.
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