Ford: new targets set after strike

(CercleFinance.com) - After withdrawing its targets due to the UAW strike, Ford says that it now expects adjusted EBIT of $10bn to $10.
5bn and adjusted free cash flow of $5bn to $5.5bn for the full year. NB: stock flat yesterday, +1% in pmt today.

As US operations have restarted, the targets reflect the effects of the strike, which caused disruptions in manufacturing, it says, citing a $1.7bn shortfall in adjusted EBIT.

The Dearborn, Michigan-based group says that it generated net income of $4.9bn and $9.4bn in adjusted EBIT over the first three quarters of 2023, before the work disruptions at its US sites took their toll.


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