Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: TMFThump Big gold star, 5000 posts Old School Fool Home Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 18256  
Subject: Q1 Results Top Expectations Date: 4/24/2013 8:55 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 4
duplicate post from SA:Ford


Q1 earnings have been released this morning. Ford reported earnings of $0.41/share against analyst expectations of $0.38/share. Top line results also exceeded forecasts of $33.7B coming in at $35.8B.

As expected North America continued to carry the mail, offsetting continued losses in Europe. South America also reported a $218M loss, much of which was driven by currency weakness in Argentina and Venezuela. Asia continues to show progress, as Ford eeked out a profit of $6M (in 1Q2012 they lost $95M). Revenue was up 13% for the quarter. Operating margins improved from -4.2% in 2012 to 0.2% in 2013. Market share across the region was up 30%. The profitability in Asia continues to be restrained by additional investments to build capacity, and Ford anticipates break even results for the year as they expand the product lineup, bring on new plants, and deliver improved revenue and market share.

The number I am fixated on is operating margins. Overall they were down slightly to 5.2% globally and held firm at 11% in North America. Those figures should keep Ford near the top of the industry and continue to drive profits, but a product mix shifting toward smaller vehicles will make it difficult to maintain. Market share in North America was up from 15.2% in 1Q2012 to 15.9 this quarter.

I'd give this one a thumbs up for sure.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Berkshire Hathaway

Collected Mungofitch Quotes
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.