Ford Motor Company has reported its earnings for the second quarter 2014, with the results being fairly favorable.
The automaker reported net income of $1.3 billion, or 32 cents per share, on revenue of $37.4 billion. Pre-tax profit came in at $2.6 billion, marking the company’s 20th consecutive profitable quarter, and its best since the second quarter of 2011. In addition, operating margin was 6.6 percent, up 0.2 percentage points form a year ago.
“Our One Ford plan continues to deliver, enabling us to reach our 20th consecutive quarter of profitability,” said Mark Fields, president and CEO. “Moving forward, our commitment is to build on this success by accelerating our pace of progress, while delivering product excellence and driving innovation in all areas of our business.”
Compared to last year’s results, the $37.4 billion revenue reported in Q2 2014 was down $500 million compared to the $37.9 billion reported for Q2 2013. Meanwhile, the $1.311 billion in net income for Q2 2014 was up $78 million compared to the $1.233 billion reported for Q2 2013. Earnings per share (EPS) grew 2 cents from $0.30 in Q2 2013 to $0.32 in Q2 2014.
|METRIC||Q2 2014||Q2 2013||DELTA 2014 VS. 2013||PERCENT CHANGE|
|PRE-TAX RESULTS (MILS.)||2,599||2,555||+44.00||+1.72|
|AFTER-TAX RESULTS (MILS.)||1,630||1,833||-203.00||-11.07|
|EARNINGS PER SHARE||0.4||0.45||-0.05||-11.11|
|SPECIAL ITEMS PRE-TAX (MILS.)||-481||-736||+255.00||-34.65|
|NET INCOME ATTRIBUTABLE TO FORD|
|AFTER-TAX RESULTS (MILS.)||1,311||1,233||+78.00||+6.33|
|EARNINGS PER SHARE||0.32||0.30||+0.02||+6.67|
|OPERATING-RELATED CASH FLOW (BILS.)||2.6||3.3||-0.70||-21.21|
|GROSS CASH (BILS.)||25.8||25.7||+0.10||+0.39|
|NET CASH (BILS.)||10.4||9.9||+0.50||+5.05|