"Revenue for the period increased 9% to $50.5 billion. Per-share earnings rose from $0.22 in the year-ago period to $0.60. Ford will pay a $0.15 dividend, which keeps its yield at a healthy 4.9%. However, the fire will take a significant toll. "Additionally, between 2025 and 2026, Ford expects the Novelis fire to be a headwind of $1.0 billion or less," management reported, though it said the situation might improve."
"Ford will stop making its electric vehicle (EV) flagship, the F-150 Lightning. The New York Times reports this could be attributed to both the fire and flagging sales. In the first three quarters of the year, Lightning unit sales were up only 1% to 23,034. The extent to which Ford is entirely a gasoline-powered car company shows up in overall F-Series sales, which rose 12.7% to 620,580."
"The U.S. EV market is dying and will not bounce back soon. The $7,500 EV tax credit expired at the end of the third quarter. People who wanted an EV rushed to buy one before the deadline. iSeeCars said that about 8% of new car sales were EVs in the first three-quarters of the year. It forecasts that the number will drop to 4% in the fourth quarter and stay that low throughout 2026."
Ford's Q3 revenue rose 9% to $50.5 billion and EPS increased to $0.60 from $0.22 year-over-year. Ford will pay a $0.15 dividend, maintaining a 4.9% yield. Management expects the Novelis supplier fire to be a headwind of up to $1.0 billion between 2025 and 2026, though outcomes could improve. Ford will stop making the F-150 Lightning after underwhelming sales of 23,034 units through three quarters, while F-Series sales rose 12.7% to 620,580. The $7,500 EV tax credit expiration and iSeeCars forecasting a drop in EV share to 4% raise near-term EV demand concerns.
Read at 24/7 Wall St.
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