Ford Anticipates Full-Year Adjusted EBIT Of $10B-$12B And To Generate $6B-$7B In Adjusted Free Cash Flow, With Capital Expenditures Of $8B-$9.5B
Portfolio Pulse from Benzinga Newsdesk
Ford anticipates a full-year adjusted EBIT of $10B-$12B and aims to generate $6B-$7B in adjusted free cash flow for 2024, with capital expenditures of $8B-$9.5B. COO Kumar Galhotra highlighted the company's focus on quality and cost improvements, expecting $2B in cost reductions. The guidance includes beneficial pricing from the all-new Super Duty sales, with total costs expected to be flat due to cost improvements offset by higher labor and product refresh expenses. Segment-wise, Ford Pro is expected to contribute $8B-$9B, Ford Blue $7B-$7.5B, Ford Model e to report a loss of $5B-$5.5B, and Ford Credit to earn about $1.5B before taxes.
February 06, 2024 | 9:12 pm
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Ford projects a strong 2024 with $10B-$12B adjusted EBIT and $6B-$7B free cash flow, driven by quality improvements, cost reductions, and new product launches.
Ford's optimistic financial outlook for 2024, including significant EBIT and free cash flow projections, is likely to positively influence investor sentiment. The focus on cost reductions, quality improvements, and the anticipated success of new product launches such as the all-new Super Duty are key drivers. However, the projected loss in the Ford Model e segment introduces some caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100