FORD DELIVERS BEST QUARTER EVER WITH FIRST QUARTER PRE-TAX PROFIT OF $3.8B; NET INCOME OF $2.5B
April 28, 2016 by FordDEARBORN, Mich., April 28, 2016 – Ford Motor Company NYSE: F today reported its 2016 first quarter financial results. Visit media.ford.com to view the news release and visit http://www.shareholder.ford.com to view the slide presentation and access the webcast to Ford's earnings call, which begins at 9 a.m. EDT with Mark Fields, president and chief executive officer, and Bob Shanks, executive vice president and chief financial officer. Highlights include: ◾Record quarterly pre-tax profit of $3.8B, up $2.1B; net income of $2.5B, up $1.3B; after-tax earnings per share of $0.68, excluding special items, up $0.39 from a year ago ◾Strong Automotive operating-related cash flow of $2.7B, a first quarter record ◾Record Automotive pre-tax profit of $3.3B, up $2.0B; Automotive operations outside North America profitable in total ◾Record Automotive operating margin of 9.8 percent
posted on conceptcarz.com
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