Ford’s third-quarter core profit ticks higher despite rising commodity costs
F•Ford’s third-quarter core profit rose slightly to $2.7 billion, and adjusted earnings of 49 cents per share beat forecasts of 40 cents. Ford raised the lower end of its annual EBIT guidance by $500 million to $10.5 billion, while increasing its commodity-cost estimate to nearly $2.5 billion.
1. Profit and guidance
Ford’s third-quarter core profit increased slightly to $2.7 billion despite higher commodity costs and production struggles with its F-150 trucks. Revenue was $49.5 billion and net income was $2 billion. The company raised the lower end of its annual EBIT guidance by $500 million to $10.5 billion; the upper end remains $11 billion.
2. Costs and production
Ford raised its full-year commodity-cost estimate to nearly $2.5 billion from about $2 billion, citing factors including copper and steel prices, fuel costs and chip prices. F-150 production was disrupted for nearly a week last month by an undisclosed supplier issue. CFO Sherry House said the operational recovery at Novelis, a key aluminum supplier, is largely behind Ford.
3. Sales and outlook
Ford expects pricing to finish 1% higher this year. House said the company anticipates 2027 core profitability to be roughly in line with 2026. Ford’s US vehicle sales were down 8.6% for the year through the third quarter, as it phased out the Escape SUV and saw falling EV and hybrid sales.
