Ford Results 3Q23 Earnings
Key Metrics
Ford Blue
Ford Model e
Ford Pro
Ford Next
Ford Credit*
Corporate Other
Total Company (Adjusted)
Ford Blue
Ford Model e
Ford Pro
Total Company (Adjusted)
* Ford Credit EBT
Q3 2022 Q3 2023
2022 YTD 2023 YTD
5.3 $ 6.6 $ 1.4
(0.7)
(1.5)
(3.1)
1.3
1.8
5.4
DEDI
0.2
(0.7)
(0.1)
(0.2)
2.5
1.1
(0.4)
0.5
(0.5)
$ 7.9 $ 9.4 $ 1.5
(0.6)
$ 1.5 $ 1.7 $ 0.3
0.4
(0.2)
0.6
0.2
6.2 %
(1.3)
(43.7)
3.4
1.7
4.6 %
(0.0)
0.4
Q3 2022 Q3 2023
(0.2)
$ 1.8 $ 2.2 $ 0.4
EBIT ($B)
6.7 %
2023 B/
(W) 2022
(75.6)
12.0
5.0 %
EBIT Margin (%)
2023 B/
(W) 2022
0.6 ppts
(31.9)
8.6
0.4 ppts
2022 YTD
7.7 %
(40.7)
5.1
6.9 %
2023 YTD
2023 B/
(W) 2022
8.8 %
(72.8)
12.7
7.2 %
(1.6)
3.6
0.6
(1.4)
(1.1)
2023 B/
(W) 2022
1.0 ppts
(32.1)
7.6
0.3 ppts
Q3 2022
Memo: EV
Wholesales
$23.8 $25.6
1.8
13.8
0.0
2.6
0.0
$39.4 $43.8
1.4
12.0
0.0
2.2
0.0
Q3 2022
741
25
321
1,086
Q3 2023
32
Q3 2023
736
36
314
1,086
48
Revenue ($B)
2023 B/
(W) 2022
$
1.8
0.4
1.9
(0.0)
0.4
(0.0)
$ 4.4
(5)
Wholesale Units (000)
2023 B/
(W) 2022
11
(6)
(0)
2022 YTD
16
$68.5
3.7
35.0
0.1
6.7
0.0
$ 114.1
2022 YTD
2,074
67
943
3,084
85
2023 YTD
$ 75.7
4.3
42.7
0.0
7.5
0.0
$130.2
2023 YTD
2,162
82
1,016
3,261
116
2023 B/
(W) 2022
$
$
7.2
0.6
7.6
(0.1)
0.8
(0.0)
16.2
2023 B/
(W) 2022
88
16
73
177
Ford
31
30View entire presentation