Ford reports record third quarter pre-tax profit; net income up 129%

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Thread: Ford reports record third quarter pre-tax profit; net income up 129%

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    Ford reports record third quarter pre-tax profit; net income up 129%

    FORD REPORTS RECORD THIRD QUARTER PRE-TAX PROFIT; NET INCOME UP 129%
    OCT 27, 2015 | DEARBORN, MICH.
    Ford Media



    DEARBORN, Mich., Oct. 27, 2015 – Ford Motor Company [NYSE: F] today reported its 2015 third quarter financial results.

    Highlights Include:

    *Pre-tax profit of $2.7B, up $1.5B; after-tax earnings per share of 45 cents, excluding special items, up 21 cents from a year ago.
    *Net income of $1.9B, up $1.1B; after-tax earnings per share of 48 cents.

    Link to the presser 3Q2015financials.pdf
    Last edited by eastcoasthd; 10-27-2015 at 08:02 AM.
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    Re: Ford reports record third quarter pre-tax profit; net income up 129%

    Revenue of $38.1B, net income of $1.9B.

    GM's revenue was $38.8B, net income of $1.36B.
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    Re: Ford reports record third quarter pre-tax profit; net income up 129%

    Ford knocking it out of the park again!
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    Re: Ford reports record third quarter pre-tax profit; net income up 129%

    BUMMER!

    Missed EPS by a $0.01



    Circling the drain........... I guess it's all over, nice knowing you Ford.

    At least you got a good football team!
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    Ford posts highest-ever N.A. profit as global earnings double

    Ford posts highest-ever N.A. profit as global earnings double

    Nick Bunkley Twitter RSS feed
    Automotive News
    October 27, 2015 - 7:15 am ET -- UPDATED: 10/27/15 8:25 am ET - adds CFO comments

    DETROIT -- Ford Motor Co. had its best-ever quarter in North America and more than doubled
    its global earnings from a year earlier as redesigns of the F-150 and other high-profit nameplates
    began to pay off.

    Ford posted third-quarter net income of $1.9 billion, up from $833 million in the same period of 2014.

    It earned a pretax profit of $2.7 billion in North America, 89 percent more than a year ago and the
    most ever for any quarter. North American operating margins jumped to 11.3 percent, from 7.1 percent
    in the third quarter of 2014.

    “The Ford team delivered an outstanding quarter -- with record third quarter profit, best quarter ever
    for North America, higher wholesales, higher revenue, higher market share and improved margin,”
    CEO Mark Fields said in a statement today. “We are delivering a breakthrough year.”

    Revenue rose 9 percent to $38.1 billion. Ford’s global market share (7.6 percent) and automotive
    operating cash flow ($2.8 billion positive) both increased for the third consecutive quarter.
    Its pretax automotive operating profit more than tripled, from $686 million to $2.2 billion.

    Net income was equal to 45 cents a share, just below the average Wall Street estimate of
    46 cents. Ford attributed the shortfall to a higher tax rate than analysts had projected
    .


    More at story link above....
    Last edited by jpd80; 10-27-2015 at 08:11 AM.

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    Re: Ford reports record third quarter pre-tax profit; net income up 129%

    Comparing Third Quarter results
    GM vs Ford
    38.8 38.1 Billion Revenue
    3.1 2.7 EBIT
    1.4 1.9 Net Income
    2.6 2.8 Cash Flow


    To many GM divisions costing GM............
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    Re: Ford reports record third quarter pre-tax profit; net income up 129%

    Quote Originally Posted by optiongm View Post

    To many GM divisions costing GM............
    I don't think so. GM is overhauling a lot of thing, but the one time charges that it has incurred also effected net profits. If I remember correctly.. GM had to take a loss of $1 Billion just on the ignition switch thing for Q3

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    Re: Ford posts highest-ever N.A. profit as global earnings double

    GM - 2015 After Tax Profit
    Q1......$945 Million
    Q2....,,.$1.1 Billion
    Q3.......$1.4 Billion

    Ford - 2015 After Tax Profit
    Q1......$924 Million
    Q2....,,.$1.9 Billion
    Q3.......$1.9 Billion

    Controlling exposure to Special items and limiting losses in Europe/ROW
    has put Ford in a great position but the absolute stand out division
    is North America. Ford and GM are flexing their muscles in Nth America
    and the next 12 months will be huge for both.,,,Huge...Uge (Trump)

    Oh,
    Q3 Revenue
    GM .....$38.8 Billion
    Ford ...$38.1 Billion
    Last edited by jpd80; 10-27-2015 at 08:36 AM.

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    Re: Ford posts highest-ever N.A. profit as global earnings double

    You got beat by about 10 minutes.

    https://www.gminsidenews.com/forums/f...-129-a-228337/
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    Re: Ford posts highest-ever N.A. profit as global earnings double

    Quote Originally Posted by jpd80 View Post
    GM - 2015 After Tax Profit
    Q1......$945 Million
    Q2....,,.$1.1 Billion
    Q3.......$1.4 Billion

    Ford - 2015 After Tax Profit
    Q1......$924 Million
    Q2....,,.$1.9 Billion
    Q3.......$1.9 Billion
    Incredible.
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    Hidden Content Originally Posted by Greg.Botts Hidden Content
    LOL at all the FORD fans in this thread thinking they got a one up. This is the Yukon Denali and trust me it's going to blow away the Navigator. Escalade is gunning for RR/Bentley level of interiors and beyond. I've talked to someone about this on another site that confirmed it Navigator isn't even being bench-marked at Cadillac too low for them.
    ^GOLD^

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    Re: Ford reports record third quarter pre-tax profit; net income up 129%

    Ho lee crap! Hopefully they "make it rain" on Lincoln in the near future.
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    Re: Ford reports record third quarter pre-tax profit; net income up 129%

    USA trucks are very much carrying Ford generating all the revenue in a similar way as the Silverado & GMC are doing for GM.

    Its says "Ford was Europe’s best-selling commercial vehicle brand reflecting the strength of the renewed Transit line-up and Ranger".

    They are the backbone of FOE sales, Ford Ranger sales are up +40%.

    FOE are still losing money, still the Ford Mondeo (US Aston Martin Fusion) & Mustang (EU Mustang supplies SOLD OUT already, with a 6 month waiting list) has arrived so l think that will help lift the spirit and them back into profits again this time next year.
    Last edited by Oldsmobile stopped; 10-27-2015 at 08:48 AM.
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    Re: Ford reports record third quarter pre-tax profit; net income up 129%

    Quote Originally Posted by Ed753 View Post
    At least you got a good football team!
    Too soon Ed, too soon.





    Quote Originally Posted by Dequindre View Post
    Ho lee crap! Hopefully they "make it rain" on Lincoln in the near future.
    But... I thought I read on GMI that Lincoln is a huge money loser and is basically an albatross on Ford's neck.
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    Hidden Content Originally Posted by Greg.Botts Hidden Content
    LOL at all the FORD fans in this thread thinking they got a one up. This is the Yukon Denali and trust me it's going to blow away the Navigator. Escalade is gunning for RR/Bentley level of interiors and beyond. I've talked to someone about this on another site that confirmed it Navigator isn't even being bench-marked at Cadillac too low for them.
    ^GOLD^

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    Re: Ford reports record third quarter pre-tax profit; net income up 129%

    Quote Originally Posted by MiatsoCi View Post
    I don't think so. GM is overhauling a lot of thing, but the one time charges that it has incurred also effected net profits. If I remember correctly.. GM had to take a loss of $1 Billion just on the ignition switch thing for Q3
    38.8 Billion Revenue vs 38.1 Billion for Ford and
    3.1 Billion EBIT vs 2.7 Billion for Ford has ZERO to do with ignition switch or other charges.....

    North America tells the story.....
    GM vs Ford
    27.8 23.7 Revenue
    3.3 2.7 EBIT

    all before any charges, GM 4 Divisions, Ford 2 divisions......it costs a lot to market,design,manage two extra divisions.....
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    Re: Ford reports record third quarter pre-tax profit; net income up 129%

    Profit margins are still thin.

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