Ford: raises targets for 2024

(CercleFinance.com) - On its quarterly earnings call on Wednesday evening, Ford said that it was heading towards the upper end of its annual adjusted EBIT target range of $10bn to $12bn, and raising its adjusted FCF target to between $6.
5bn and $7.5bn.

In Q1, it posted adjusted EPS (non-GAAP) of $0.49, compared with $0.63 a year earlier, and adjusted EBIT of $2.8bn, representing a margin that is down 1.7 point at 6.5%.

Despite a slight drop in sales volumes to less than 1.05 million vehicles, the car maker's revenues rose 3% to $42.8bn, boosted by its Ford Pro division, whose revenues climbed by 36%.


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