FORD MOTOR CO Quarterly Report for Q1 Ended Mar 31, 2016

Summary

Ford Motor Company reported a strong first quarter ending March 31, 2016, with significant increases in revenue and net income compared to the prior year. Total revenues rose to $37.7 billion, up from $33.9 billion in Q1 2015, while net income attributable to Ford surged to $2.45 billion from $1.15 billion. This performance was largely driven by robust results in the Automotive sector, particularly in North America, which achieved record pre-tax profit. The Financial Services sector also demonstrated continued strong performance, contributing positively to the overall financial health of the company. Key financial highlights include a substantial improvement in earnings per share, with diluted EPS rising to $0.61 from $0.29. The company also saw healthy growth in cash and marketable securities, indicating solid liquidity. Management expressed confidence in the company's strategic direction and outlook for the remainder of the year, anticipating continued global growth and stability in the automotive industry.

Key Highlights

• 1Total revenues increased by 11.2% year-over-year to $37.7 billion.
• 2Net income attributable to Ford Motor Company more than doubled, reaching $2.45 billion, up from $1.15 billion in Q1 2015.
• 3Diluted earnings per share significantly improved to $0.61 from $0.29 in the prior year's quarter.
• 4The Automotive sector reported record pre-tax profit driven by strong performance in North America, Europe, and Asia Pacific.
• 5Financial Services sector maintained strong profitability with pre-tax profit of $499 million.
• 6Total Automotive cash and marketable securities increased to $24.3 billion from $19.5 billion in the prior year.
• 7The company's credit ratings were upgraded by Moody's, DBRS, and S&P during the first quarter of 2016.

Frequently Asked Questions