Ford Posts $0.66 Q1 EPS, Raises Full-Year EBIT Guidance
F•Ford posted Q1 adjusted EPS of $0.66, surpassing the $0.19 estimate on $43.3B revenue and reported $3.5B adjusted EBIT after a $1.3B tariff benefit. It raised full-year adjusted EBIT guidance to $8.5–10.5B and kept free cash flow at $5–6B with $9.5–10.5B in capex.
1. First-Quarter Results
Ford delivered adjusted EPS of $0.66 in Q1, more than tripling the $0.19 consensus, on $43.3 billion in revenue, up 6% year-over-year. Adjusted EBIT reached $3.5 billion, boosted by a $1.3 billion one-time tariff benefit for its Blue and Pro divisions.
2. Guidance Upgrade
The company lifted its full-year adjusted EBIT forecast to $8.5–10.5 billion from $8.0–10.0 billion, with the midpoint of $9.5 billion exceeding prior consensus. It maintained free cash flow guidance of $5–6 billion and capital spending of $9.5–10.5 billion.
3. Divisional Performance and Dividend
Ford Pro generated $1.7 billion in EBIT on $14.7 billion revenue with an 11.4% margin, while Ford Blue delivered $1.9 billion on $23.9 billion revenue. Model e reported a $777 million loss, and the board approved a $0.15 quarterly dividend.
