logo
Plus   Neg
Share
Email

Ford Motor Q4 Prel. Earnings Below Estimates - Quick Facts

Ford Motor Company (F) reported, for the fourth-quarter, preliminary adjusted EPS of $0.30 compared to $0.39, last year. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.32 for the quarter. Analysts' estimates typically exclude special items.

For full-year 2018, preliminary EPS results were $0.92, and adjusted EPS of $1.30 - in line with the company's most recent guidance. The company said it ended the year with a strong balance sheet, with cash of $23.1 billion and liquidity of $34.2 billion. The 2018 results also will include the impact of a non-cash pre-tax remeasurement loss of $877 million related to the year-end revaluation of global pension and other postretirement employee benefits plans, also known as pension mark-to-market adjustment.

Bob Shanks, CFO, said: "For 2019, we see the potential for year-over-year improvement in company revenue, EBIT and adjusted operating cash flow. Our imperative to sustain an investment grade rating and a strong balance sheet remains the foundation of our business. For 2019, we expect to be able to fully fund our business needs, while maintaining cash and liquidity levels at or above our target levels."

Ford's Board declared a first-quarter regular dividend of $0.15 per share on the company's outstanding class B and common stock. The first quarter regular dividend maintains the same level as the regular dividends paid in 2018. The first quarter regular dividend is payable on March 1 to shareholders of record at the close of business on Jan. 31.

Ford also outlined actions the company is taking to reshape its regional businesses. For North America, in the next 24 months, the company is refreshing 75 percent of its lineup. For Europe, Ford plans more targeted vehicle lineup within three customer-focused business groups: Commercial vehicles, passenger vehicles and imports. For South America, the company is focused on reducing structural costs and improving efficiency; administrative headcount reduced by 20 percent in 2018. In China, the company is introducing more than 10 new Ford and Lincoln products in the current year and more than 30 by 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years. Asia-focused lender HSBC, through its blockchain-powered platform, has reduced the cost of settling foreign exchange trades by 25 percent, Reuters reported quoting a bank executive overseeing the project. Mark Williamson, chief operating officer of FX cash trading and risk management, told that the bank processes between 3,500 and 5,000 trades a day on its "FX Everywhere" system. PepsiCo, Inc. (PEP) reported fourth-quarter core EPS of $1.49 compared to $1.31, prior year. Excluding the impact of foreign exchange translation, core constant currency EPS increased 17 percent year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per...
Follow RTT