Earnings release
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● Ford NEWS Ford Achieves Strong Q3 Results , Raises Full - Year 2021 Guidance ; Says Financial Flexibility Enables Ample Investment in Ford + Plan ● Generates quarterly revenue of $ 35.7 billion , net income of $ 1.8 billion , adjusted EBIT of $ 3.0 billion ; North America auto EBIT margin of 10.1 % Increases guidance for full - year 2021 adjusted EBIT to between $ 10.5 billion and $ 11.5 billion Expects cash flow over current planning period to be more than sufficient to fund growth priorities ; announces resumption of regular stock dividend in fourth quarter DEARBORN , Mich . , Oct. 27 , 2021 - High demand for must - have new products , including battery - electric vehicles ; earnings power in North America and improvement in other regions ; and further investments in connected BEV leadership highlighted the first anniversary of the Ford + plan for growth and value creation . f O M www.twitter.com/ford www.facebook.com/ford www.instagram.com/ford www.medium.com/@ford Meanwhile , Ford's revenue , net income , adjusted earnings before interest and taxes , cash flow from operations , and adjusted free cash flow were all sharply higher from the second to the third quarter of 2021 , driven by significant increases in semiconductor availability and wholesale vehicle shipments from Q2 . " This is the most exciting Ford lineup I've seen , but what matters is that customers love our new products and services - and we're just getting started , " said President and CEO Jim Farley . " The trajectory of our business gives us huge confidence in Ford + , and we're obsessively turning the plan's promise into reality . " Company Key Metrics Summary Market Share ( % ) Wholesale Units ( 000 ) GAAP Cash Flows From Op . Activities ( $ B ) Revenue ( $ B ) Net Income / ( Loss ) ( $ B ) Net Income / ( Loss ) Margin ( % ) EPS ( Diluted ) Non - GAAP Company Adj . Free Cash Flow ( $ B ) Company Adj . EBIT ( $ B ) Company Adj . EBIT Margin ( % ) Adjusted EPS ( Diluted ) Adjusted ROIC ( Trailing Four Qtrs ) 2020 6.0 % 1,178 $ 11.1 37.5 2.4 6.4 % $ 0.60 $ 6.6 3.6 9.7 % $ 0.65 ( 0.4 ) % Third Quarter 2021 4.9 % 1,012 $ 7.0 35.7 1.8 5.1 % $ 0.45 $ 7.7 3.0 8.4 % $ 0.51 11.0 % H / ( L ) ( 1.1 ) ppts ( 14 ) % $ ( 4.1 ) ( 5 ) % $ ( 0.6 ) ( 1.3 ) ppts $ ( 0.15 ) $ 1.2 ( 0.7 ) ( 1.3 ) ppts $ ( 0.14 ) 11.4 ppts 2020 5.9 % 2,949 $ 19.7 91.2 1.5 1.7 % $ 0.38 $ ( 0.4 ) 1.1 1.2 % $ 0.07 N / A Year - To - Date 2021 5.1 % 2,838 $ 12.3 98.7 5.7 5.7 % $ 1.40 $ 2.2 8.9 9.0 % $ 1.52 N / A H / ( L ) ( 0.8 ) ppts ( 4 ) % $ ( 7.5 ) 8 % $ 4.1 4.0 ppts $ 1.02 $ 2.6 7.8 7.8 ppts $ 1.45 N / A ppts