Ford Profit Sharing 2024: Today Share Price and More Update

News: In this article, we’ll delve into Ford’s financial performance, specifically focusing on its profit sharing for the year 2024. We’ll explore the latest share price, key financial metrics, and what lies ahead for the automaker.

Ford’s Q4 Earnings Report

Ford recently released its fourth-quarter earnings report, and the results were impressive. Let’s break it down:

1. Revenue: Ford’s top-line revenue for Q4 stood at $46 billion, surpassing expectations. Despite the lingering effects of the United Auto Workers (UAW) strike in early Q4, the company managed to generate $2 billion more in revenue compared to the previous year.

2. Profitability: Ford reported adjusted earnings per share (EPS) of $0.29, beating estimates. The adjusted earnings before interest and taxes (EBIT) amounted to $1.1 billion, exceeding the expected $988.2 million.

Full-Year 2023 Performance

For the entire year 2023, Ford achieved an adjusted EBIT of $10.3 billion, which falls within the higher end of its full-year outlook. This outlook included $1.7 billion in strike-related lost profits. Notably, Ford reinstated its 2023 profit outlook following the ratification of its labor deal with the UAW.

Looking Ahead to 2024

Ford’s projections for 2024 are as follows:

1. Adjusted EBIT: The automaker anticipates an adjusted EBIT between $10 billion and $12 billion. While this range is slightly below Ford’s pre-UAW strike 2023 profit outlook, it still exceeds estimates of $9.24 billion.

2. EV Unit Challenges: Ford acknowledges that its electric vehicle (EV) unit may continue to face losses in 2024. However, the company remains committed to its EV initiatives.

Dividends

Ford also declared dividends for shareholders:

1. Regular Dividend: A first-quarter regular dividend of $0.15 per share.

2. Supplemental Dividend: An additional dividend of $0.18 per share.

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About Ford :

Ford Motor Company, an American multinational automobile manufacturer, has left an indelible mark on the automotive industry. Founded by Henry Ford on June 16, 1903, in Dearborn, Michigan, Ford has become synonymous with innovation, affordability, and global impact.

Our Journey Through Time

1. The Birth of Ford

Henry Ford’s vision was simple yet revolutionary: to create vehicles that ordinary people could afford. He introduced the concept of mass production, making cars accessible to the masses. The iconic Model T, produced using the moving assembly line, changed the world forever. It was affordable, reliable, and efficient—a true game-changer.

2. The Blue Oval Legacy

The Blue Oval, one of the most recognized corporate symbols in history, represents Ford’s commitment to excellence. For over 120 years, Ford has adapted to change, leading the way in automotive advancements. From the birth of the middle class to weathering global pandemics, Ford has stood strong, serving the world with integrity and competence.

3. Our Brands

Ford’s impact extends beyond vehicles. We strive to do more for the world than it does for us. Through our products, services, and community support, we aim to create a better tomorrow. As our founder, Henry Ford, said, “To do more for the world than the world does for you—that is success.”

Ford Today: A Vision for Tomorrow

Ford’s journey continues. We’re not just about cars; we’re about experiences, services, and software. Our purpose remains unwavering: to build a better world where every person is free to move and pursue their dreams. With generations of leaders committed to breaking barriers, Ford continues to shape the future of mobility.

Ford’s strong financial performance and positive outlook signal resilience in the US auto sector. As the company navigates challenges and invests in new initiatives, shareholders can look forward to potential growth.

Frequently Asked Questions

1. What is Ford’s share price today?

As of the latest update, Ford’s share price stands at $11.95.

2. How much will Ford’s UAW employees receive in profit-sharing checks in 2024?

In 2024, around 58,000 U.S.-based Ford workers represented by the UAW will receive checks averaging $10,416.

3. Are temporary workers eligible for Ford’s profit-sharing plan?

Yes, for the first time in 2024, temporary workers will be eligible to receive a profit-sharing check.

4. How did Ford perform in Q4 of 2024?

Ford easily beat its Q4 revenue expectations and projected a full-year profit outlook that beat estimates.

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