Ford Sees FY24 Capital Expenditures Are Expected To Be Between $8B-$8.5B; Full-Year EBIT For Ford Pro Is Now Expected To Be About $9B, Ford Blue About $5B
Portfolio Pulse from Benzinga Newsdesk
Ford has updated its financial outlook for FY24, expecting adjusted EBIT of about $10 billion and adjusted free cash flow between $7.5 billion and $8.5 billion. Capital expenditures are projected to be between $8 billion and $8.5 billion. Ford Pro's EBIT is expected to be about $9 billion, Ford Blue about $5 billion, and Model e a loss of about $5 billion. Ford Credit's earnings before taxes are expected to be about $1.6 billion. Ford will report Q4 2024 results on February 5, 2025.
October 28, 2024 | 8:13 pm
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Ford's updated FY24 financial outlook includes an adjusted EBIT of about $10 billion and capital expenditures between $8 billion and $8.5 billion. Ford Pro and Ford Blue are expected to perform well, while Model e is projected to incur a loss.
Ford's positive EBIT expectations for Ford Pro and Ford Blue suggest strong performance in these segments, which could boost investor confidence. However, the projected loss for Model e may raise concerns about its electric vehicle strategy. Overall, the positive EBIT and free cash flow outlooks are likely to have a favorable impact on Ford's stock price in the short term.
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