Ford raises guidance after Q2 earnings beat, says F-Series recovery is on track
Ford's raised guidance includes full-year adjusted earnings before interest and taxes of between $10 billion and $11 billion, up from $8.5 billion to...
Key points
- Ford's raised guidance includes full-year adjusted earnings before interest and taxes of between $10 billion and $11 billion, up from $8.5 billion to $10.5 billion.
- It also raised its expectations for adjusted free cash flow to $6 billion to $7 billion, up from $5 billion to $6 billion.
- The earnings raise was led by a $500 million expected improvement to its traditional Ford Blue business to between $5 billion and $5.5 billion.
- It also narrowed earnings of its fleet business to between $7 billion and $7.5 billion from a previous low range of $6.5 billion.
What happened
Ford's raised guidance includes full-year adjusted earnings before interest and taxes of between $10 billion and $11 billion, up from $8.5 billion to $10.5 billion. It also raised its expectations for adjusted free cash flow to $6 billion to $7 billion, up from $5 billion to $6 billion. The earnings raise was led by a $500 million expected improvement to its traditional Ford Blue business to between $5 billion and $5.5 billion. It also narrowed earnings of its fleet business to between $7 billion and $7.5 billion from a previous low range of $6.5 billion. Ford Q2 results Ford cut expected losses of its Model e EV business to about $4 billion, compared with previous expectations of losses between $4 billion and $4.5 billion, and said it also expected slightly better results for its credit arm. Ford said Tuesday it expects to recover about $2.5 billion of its vehicle volume lost due to the fires, which was the low end of a range of up to $3 billion.