Categories AlphaGraphs, Earnings, Industrials

Earnings: Ford Motor Company Q1 2024 adjusted profit falls; revenue up 3%

Ford Motor Company (NYSE: F) reported a modest increase in sales for the first quarter of 2024. Meanwhile, adjusted earnings of the car maker declined by double digits.

Ford Motor Company Q1 2024 earnings infographic

March quarter revenue increased 3% year-over-year to $42.8 billion. The top line benefitted from strong growth in the Ford Pro division. Adjusted earnings declined 22% from last year to $0.49 per share during the three months.

On an unadjusted basis, the company reported a net income of $1.33 billion, or $0.33 per share for Q1, compared to $1.8 billion, or $0.44 per share in, the corresponding quarter of 2023.

“Customers want vehicles that they’re passionate about, choices in how they’re powered, quality that’s constantly getting better, and great value. With Ford+, we’re increasingly giving them all those things in ways that others don’t and creating a company that will lead for the long haul,” said Ford’s CEO Jim Farley.

Prior Performance

  • Ford Motor Company Q4 2023 earnings infographic

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