Ford: free cash flow target raised for 2024

(CercleFinance.com) - On its quarterly earnings call on Wednesday evening, Ford reaffirmed its annual adjusted EBIT target range of $10bn to $12bn, but raised its adjusted FCF target to between $7.
5bn and $8.5bn, from $6.5bn to $7.5bn previously. NB: pmt -13%.

Q2 2024 adjusted EPS (non-GAAP) was $0.47, versus $0.72 a year earlier, as well as adjusted EBIT of $2.8bn, a margin down 2.7 points to 5.8%, and adjusted FCF of $3.2bn.

With a slight increase in sales volumes to just over 1.14 million vehicles, Ford's revenues rose 6% to $47.8bn, notably boosted by the dynamic performance of its F-150 pickup and Transit commercial vans.


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