Ford Q3 pre-tax profit $2.7 billionStaff writer ▼ | October 27, 2015
Ford reported Q3 pre-tax profit of $2.7 billion, up $1.5 billion; after-tax earnings per share of 45 cents, excluding special items, up 21 cents from a year ago.
Ford Net income was $1.9 billion
Third quarter record Automotive-operating related cash flow of $2.8B, higher than a year ago by $3.5B; $5.2B year to date.
Distributed $600M to shareholders in the third quarter; $1.9B year to date. Wholesale volume and revenue increased from a year ago, a result of F-150 at full production. Global market share up three-tenths of a percentage point from a year ago at 7.6 percent; share up in North America, South America and Europe.
Ford number one brand in vehicle sales in the U.S.; number two in the U.S. in electrified vehicle sales. F-Series had best third quarter since 2006; announced all-new Super Duty. Lincoln sales up 15 percent from a year ago; best quarterly performance since Q2 2008.
Ford best-selling commercial vehicle brand in Europe. Company reconfirms 2015 pre-tax profit guidance of $8.5B to $9.5B, excluding special items, with higher Automotive revenue, operating margin and operating-related cash flow compared with 2014. ■