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BRIEF-Ford Reports Qtrly Loss Per Share Of $0.70

BRIEF-Ford Reports Qtrly Loss Per Share Of $0.70

· 02/04/2021 16:38
BRIEF-Ford Reports Qtrly Loss Per Share Of $0.70

- Ford Motor Co F.N:

  • QTRLY REVENUE $36 BILLION VERSUS $39.7 BILLION

  • FORD - PROJECTED $8 BILLION TO $9 BILLION IN ADJUSTED EBIT IN 2021 INCLUDING $900 MILLION NONCASH GAIN ON RIVIAN, EXCLUDING EFFECT OF EMERGING SEMICONDUCTOR SHORTAGE

  • INCREASES COMMITMENTS TO INVEST IN GROWTH: TO MORE THAN $22 BILLION IN EVS, $7 BILLION IN AVS

  • QTRLY ADJUSTED EARNINGS PER SHARE $0.34

  • QTRLY LOSS PER SHARE $0.70

  • GLOBAL SEMICONDUCTOR SHORTAGE IS CREATING UNCERTAINTY ACROSS MULTIPLE INDUSTRIES AND WILL INFLUENCE FORD’S 2021 OPERATING RESULTS.

  • FORD - WILL NOW INVEST AT LEAST $22 BILLION IN ELECTRIFICATION THROUGH 2025, NEARLY TWICE WHAT THE COMPANY HAD PREVIOUSLY COMMITTED TO EVS

  • NOW PLANS TO INVEST ABOUT $7 BILLION ON AUTONOMOUS VEHICLES OVER 10 YEARS THROUGH 2025

  • ESTIMATES FROM SUPPLIERS COULD SUGGEST LOSING 10% TO 20% OF PLANNED FIRST-QUARTER PRODUCTION DUE TO SEMICONDUCTOR SITUATION

  • FORD - EVS WILL BE FUNDAMENTAL TO LINCOLN LUXURY BRAND, TRANSIT COMMERCIAL LINEUP, THE LATTER ACROSS A VARIETY OF BODY STYLES, CUSTOMIZED INTERIORS

  • SEMICONDUCTOR SHORTAGES WILL LOWER FORD’S 2021 ADJUSTED EBIT BY $1.0 BILLION TO $2.5 BILLION.

  • FORD - AUTOMOTIVE REVENUE FOR 2020 $115.89 BILLION VERSUS $143.6 BILLION IN 2019

  • FORD - MUSTANG MACH-E WILL BE FOLLOWED BY THE FIRST E-TRANSIT COMMERCIAL VAN (LATE 2021) AND AN ALL-ELECTRIC F-150 PICKUP (MID2022)

  • FORD - BEGINS DELIVERIES OF ELECTRIC MUSTANG MACH-E, NEW F-150 AND BRONCO SPORT

  • FORD - AS EVS BECOME PRIMARY IN FORD’S LINEUP, DEDICATED MANUFACTURING CAPACITY FOR THEM WILL EXPAND AROUND THE WORLD

  • CUSTOMERS IN THE U.S. IN THE FOURTH QUARTER BEGAN TAKING DELIVERY OF THE ALL-ELECTRIC MUSTANG MACH-E

  • EVALUATING ALTERNATIVES AND CAPITAL ALLOCATION PRIORITIES IN INDIA

  • Q4 EARNINGS PER SHARE VIEW $-0.07, REVENUE VIEW $33.89 BILLION -- REFINITIV IBES DATA

  • FORD - ALL-ELECTRIC MUSTANG MACH-E; THE BRONCO SPORT; AND THE 2021 F-150 PICKUP, ALL EXPECTED TO BE SIGNIFICANT CONTRIBUTORS TO 2021 RESULTS

Source text: https://bit.ly/3jiyfB2

Further company coverage: F.N


((Reuters.Briefs@thomsonreuters.com;))