F Earnings: Ford Motor Q4 2023 adjusted profit falls; revenue up 5%

Ford Motor Company (NYSE: F) reported a modest increase in sales for the fourth quarter of 2023. Meanwhile, adjusted earnings of the car maker declined by double digits. December quarter revenue increased 5% year-over-year to $46.0 billion. The top line benefitted from strong growth in the Ford Pro division. Adjusted earnings declined 43% from last year to […]

February 7, 2024 1 min read

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Ford Motor Company (NYSE: F) reported a modest increase in sales for the fourth quarter of 2023. Meanwhile, adjusted earnings of the car maker declined by double digits. December quarter revenue increased 5% year-over-year to $46.0 billion. The top line benefitted from strong growth in the Ford Pro division. Adjusted earnings declined 43% from last year to […]
· February 7, 2024

Ford Motor Company (NYSE: F) reported a modest increase in sales for the fourth quarter of 2023. Meanwhile, adjusted earnings of the car maker declined by double digits.

Ford Motor Company Q4 2023 earnings infographic

December quarter revenue increased 5% year-over-year to $46.0 billion. The top line benefitted from strong growth in the Ford Pro division. Adjusted earnings declined 43% from last year to $0.29 per share during the three months.

On an unadjusted basis, the company reported a net loss of $526 million, or $0.13 per share for Q4, compared to a profit of $1.29 billion or $0.32 per share in the corresponding quarter of 2022.

“We’re the only company that gives customers such a wide range of choices – gas, hybrid, and electric vehicles – made possible by our Ford+ plan and the talented team that’s carrying it out,” said Ford’s president and CEO Jim Farley.