Ford Motor (pre-announced) reports EPS in-line, beats on revs (8.34 -0.16)
- Reports Q4 (Dec) earnings of $0.30 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $0.30; revenues rose 0.5% year/year to $38.7 bln vs the $36.83 bln S&P Capital IQ Consensus.
- As covered earlier this month, Ford provided preliminary EPS figures for Q4 that fell short of analyst estimates.
- While auto operations reported a lower EBIT than a year ago, driven by China and Europe, all regions continued to focus on improving operational fitness while building on core company strengths. In Europe, Ford posted record SUV sales, while Ranger was the region's best-selling pick up, and Ford once again was the best-selling commercial vehicle brand. In the Asia Pacific region, India and Thailand achieved record full-year sales, and Lincoln set a new annual sales record for the fourth consecutive year in China.
- Bob Shanks, Ford CFO, said Ford expects to be able to fully fund its business needs and capital plans in 2019, while maintaining cash and liquidity levels at or above its target levels. He added Ford sees the potential for year-over-year improvement in the company's key financial metrics as it works to close the gaps versus targets.
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Q4 Slide Deck
- For 2019 outlook, co calls for potential improvement from 2018