Ford Q4 earnings: automaker sees a healthy year ahead

Ford Motor Co (NYSE: F) just reported market-beating results or its fiscal fourth quarter. Shares of the legacy automaker are pushing to the upside in after-hours.

Ford stock up on encouraging guidance

Investors are cheering the management’s upbeat guidance as well. Ford sees its adjusted EBIT to print in the range of $10 billion to $12 billion in 2024.

Analysts, in comparison, were at $9.0 billion to $11 billion. Jim Farley – the chief executive of Ford said in a press release today:

Ford is calling for up to $7.0 billion in adjusted free-cash flow on up to $9.5 billion of capital spending this year. $F is up more than 15% versus its year-to-date low at writing.

Ford Q4 earnings snapshot

• Lost $526 million that translates to 13 cents per share
• Had $1.3 billion in earnings last year (32 cents a share)
• Adjusted EPS printed at 29 cents as per the earnings report
• Revenue jumped 4.5% year-over-year to $46 billion
• Consensus was 12 cents a share on $43.1 billion revenue

On Tuesday, Ford Motor also announced a special dividend of 18 cents a share. According to its CFO John Lawler:

What else was noteworthy in Ford's Q4 print?

Ford saw its loss in Model e - the electric vehicles segment more than double year-on-year to $1.57 billion in Q4. Still, its chief of finance said today:

EVs related weakness was partially offset by a 25% annualised earnings growth in the company's commercial unit in the fourth quarter. Ford Blue, however, was down 48% versus last year as well.

Note that Ford Motor is expected to lose $8.8 billion following a recent deal with the United Auto Workers (UAW) that ends in April of 2028.