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Ford Motor (F) Tops Q3 EPS by 5c

October 24, 2014 7:02 AM EDT

Ford Motor (NYSE: F) reported Q3 EPS of $0.24, $0.05 better than the analyst estimate of $0.19. Revenue for the quarter came in at $35.8 billion versus the consensus estimate of $33.19 billion.

Guidance unchanged from the company’s Sept. 29 Investor Day, including 2014 pre-tax profit guidance of about $6 billion, excluding special items, and strong growth and financial performance in 2015

North America

Third Quarter First Nine Months
2013 2014 B/(W) 2013 2013 2014 B/(W) 2013
Wholesales (000) 725 665 (60) 2,262 2,142 (120)
Revenue (Bils.) $ 21.2 $ 19.9 $(1.3) $ 64.5 $ 61.5 $(3.0)
Operating Margin (Pct.) 10.9 % 7.1 % (3.8) pts. 10.9 % 8.7 % (2.2) pts.
Pre-tax results (Mils.) $ 2,296 $ 1,410 $(886) $ 7,009 $ 5,350 $(1,659)


South America

Third Quarter First Nine Months
2013 2014 B/(W) 2013 2013 2014 B/(W) 2013
Wholesales (000) 143 113 (30) 403 331 (72)
Revenue (Bils.) $ 2.8 $ 2.3 $(0.5) $ 8.1 $ 6.3 $(1.8)
Operating Margin (Pct.) 5.7 % (7.3)% (13.0) pts. 1.1 % (15.4)% (16.5) pts.
Pre-tax results (Mils.) $ 160 $ (170) $(330) $ 93 $ (975) $(1,068)

Europe

Third Quarter First Nine Months
2013 2014 B/(W) 2013 2013 2014 B/(W) 2013
Wholesales (000) 303 321 18 1,010 1,064 54
Revenue (Bils.) $ 6.4 $ 6.9 $ 0.5 $ 20.3 $ 22.7 $ 2.4
Operating Margin (Pct.) (2.8) % (6.4) % (3.6) pts. (4.5) % (2.7) % 1.8 pts.
Pre-tax results (Mils.) $ (182) $ (439) $ (257) $ (913) $ (619) $ 294


Middle East & Africa

Third Quarter First Nine Months
2013 2014 B/(W) 2013 2013 2014 B/(W) 2013
Wholesales (000) 44 48 4 150 148 (2)
Revenue (Bils.) $ 1.0 $ 1.1 $ 0.1 $ 3.5 $ 3.4 $ (0.1)
Operating Margin (Pct.) (2.4) % (1.4) % 1.0 pts. 1.0 % 1.8 % 0.8 pts.
Pre-tax results (Mils.) $ (25) $ (15) $ 10 $ 35 $ 62 $ 27

Asia Pacific

Third Quarter First Nine Months
2013 2014 B/(W) 2013 2013 2014 B/(W) 2013
Wholesales (000) 330 346 16 895 1,058 163
Revenue (Bils.) $ 2.5 $ 2.6 $ 0.1 $ 7.4 $ 8.1 $ 0.7
Operating Margin (Pct.) 4.6 % 1.7 % (2.9) pts. 3.0 % 6.1 % 3.1 pts.
Pre-tax results (Mils.) $ 116 $ 44 $ (72) $ 218 $ 494 $ 276

PRODUCTION VOLUMES*

2014
Third Quarter

Actual

Fourth Quarter

Forecast

Units O/(U) 2013 Units O/(U) 2013
(000) (000) (000) (000)
North America 695 (56) 715 (41)
South America 97 (28) 108 4
Europe 326 3 320 (13)
Middle East & Africa 20 7 19 2
Asia Pacific 352 17 375 13
Total 1,490 (57) 1,537 (35)

* Includes Ford brand and JMC brand vehicles produced by our unconsolidated affiliates.

For earnings history and earnings-related data on Ford Motor (F) click here.



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