FORD MOTOR CO Quarterly Report for Q2 Ended Jun 30, 2015

Summary

Ford Motor Company reported solid financial results for the second quarter and first half of 2015, demonstrating continued strength in its Automotive sector, which achieved its highest pre-tax profit since 2000. Total revenues saw a slight decrease year-over-year, primarily due to unfavorable foreign currency translation effects, but this was largely offset by higher net pricing and volume increases in key regions like North America and Europe. The Financial Services sector also contributed positively, with improved pre-tax profit driven by favorable volume and mix, as well as the non-recurrence of significant storm-related insurance losses from the prior year. Ford Credit maintained a strong balance sheet and a robust liquidity position. The company reaffirmed its positive full-year outlook, expecting continued growth and improved profitability.

Key Highlights

• 1Automotive sector achieved record pre-tax profit in Q2 2015, the highest since 2000, indicating strong operational performance.
• 2Total revenues slightly decreased to $37.26 billion in Q2 2015 from $37.41 billion in Q2 2014, impacted by foreign currency fluctuations.
• 3Net income attributable to Ford Motor Company increased to $1.885 billion in Q2 2015, up from $1.311 billion in Q2 2014.
• 4Diluted earnings per share rose to $0.47 in Q2 2015 from $0.32 in Q2 2014, reflecting improved profitability.
• 5North America region delivered record profit in Q2 2015, significantly contributing to the Automotive sector's strong performance.
• 6Ford Credit's managed receivables grew to $117.6 billion, and the sector maintained a strong liquidity position.
• 7The company reaffirmed its positive full-year outlook, projecting higher Automotive revenue and pre-tax profit.

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