Ford Motor Company's Financial Triumph in Q4 2024

In a remarkable financial turnaround, Ford Motor Company announced a 5% increase in its fourth-quarter revenue for 2024, totaling $48.2 billion. This significant growth is a leap from the previous year's figures, showcasing the company's robust recovery and strategic advancements.

Diluted earnings per share (EPS) for the quarter stood at an impressive $0.45, a substantial improvement from the negative $0.13 reported in the same period the year before. Furthermore, the company's net income soared to $1.8 billion, a stark contrast to the $500 million loss experienced in the corresponding quarter of the previous year.

Annual Financial Highlights

For the entire year of 2024, Ford reported a revenue of $185 billion, marking a 5% increase from the previous year. The diluted EPS for the year was $1.46, up from $1.08 in 2023, and the net income saw a 37% rise to $5.9 billion from $4.3 billion in the preceding year.

President and CEO Jim Farley expressed optimism about the company's future, stating, "In 2025, we expect to make significantly more progress on our two biggest areas of opportunity – quality and cost – as we enter the heart of our Ford+ transformation. We control those key profit drivers, and I am confident that we are on the right path to create long-term value for all our stakeholders."

Market Reaction

Despite the positive financial report, Ford's stock experienced a 4.80% decline in after-hours trading following the announcement, indicating mixed investor sentiments towards the company's future growth prospects.