Quarterly Earnings Update - Report on Ford Motor

Aug 10, 2015, 09:25 ET from www.aciassociation.com

NEW YORK, August 10, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Ford Motor Company (NYSE: F). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=F  

Highlights from our F Report include:

  • Second Quarter 2015 Results - On July 28, 2015, the automobile manufacturer, Ford Motor Co. (Ford) announced results for the second quarter of the fiscal year ending 2015. As per the release, the Company is on track for a breakthrough year following the excellent results for the second quarter. Commenting on the financial performance, President and Chief Executive Officer, Mark Fields remarked, "We delivered an outstanding second quarter, a great first half of 2015, and we are confident the second half of the year will be even stronger."
  • Performance Highlights - Ford's revenue during Q2 remained almost flat at $37.3 billion as higher net pricing and volume growth was offset by unfavorable translation effects of the strong USD on international operations. Pre-tax profit for the reported quarter increased by $269 million on y-o-y basis to $2.9 billion. Net income grew by 44% year-over-year to arrive at $1.9 billion.  For Q2 2015 Ford's after-tax earnings per share stood at  47 cents, representing an increase of 7 cents year-over-year excluding last year's special items charges. Ford highlighted that in Q2, the Company recorded the best automotive quarterly profit since 2000 supported by higher profit growth in North America and Asia Pacific. During the quarter, the Company's global market share grew to 7.6%, up one-tenth of a percentage point from a year ago.
  • Strong Performance from the North America and Asia-Pacific Regions - Ford noted that in North America, its revenue grew by $2.1 billion to $23.3 billion during Q2 2015. Further, in this region Ford generated a pre-tax profit of $2.6 billion, up $157 million from last year's record profit. Meanwhile, improved results from the Asia-Pacific region were driven by lower costs and favorable exchange. Despite a decline in wholesale volume and revenue in this region, Fords' pre-tax profit from Asia-Pacific increased by $33 million to $192 million.
  • Outlook for the Full Year - The auto-maker reconfirmed its guidance for the full year, 2015. The Company said that it expects the pre-tax profit to be in the range of $8.5 billion to $9.5 billion. The Company stated that it expects the revenues, operating margin and operating cash-flow in 2015 to be higher than that recorded in 2014.

To find out how this influences our rating on Ford Motor Company, read the full report in its entirety here: http://www.aciassociation.com/?c=F

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