Detroit automaker posts record $50.5 billion in quarterly revenue while revising guidance due to aluminum supply disruption
Ford Motor Company (F) reported stronger-than-expected third-quarter earnings on Thursday, beating Wall Street forecasts on both profit and revenue. However, shares fell about 4% in after-hours trading as the company lowered its 2025 financial outlook due to production disruptions caused by a fire at a key aluminum supplier.
Ford reported adjusted earnings per share of 45 cents, surpassing analyst estimates of 36 cents, and automotive revenue of $47.19 billion, ahead of the $43.08 billion expected. Including its financial arm, total company revenue reached a record $50.5 billion, up 9% year over year, while net income rose to $2.4 billion, nearly tripling from $900 million a year earlier.
Despite the strong quarter, a fire last month at Novelis’s New York aluminum facility will temporarily impact Ford’s production of high-demand trucks and SUVs. The company estimates the incident will cost between $1.5 billion and $2 billion, with recovery expected by 2026 through ramped-up U.S. manufacturing and the addition of 1,000 new workers in Michigan and Kentucky.
Ford’s updated 2025 guidance calls for adjusted EBIT of $6.0–$6.5 billion, down from $6.5–$7.5 billion, and free cash flow of $2–$3 billion, reflecting near-term supply constraints. CFO Sherry House noted that without the fire, the company would have raised guidance to more than $8 billion in adjusted EBIT.
CEO Jim Farley emphasized that Ford has made “substantial progress” in restoring supply and remains confident in its Ford+ plan, which aims to streamline operations and achieve $1 billion in cost savings this year.
While near-term headwinds persist, Ford’s operational strength and record revenues underscore the resilience of its turnaround strategy amid industry and supply chain challenges.
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