Ford Beats Q3 Earnings Estimates but Lowers 2025 Outlook Due to Production Disruptions

Ford (F) delivered stronger-than-expected third-quarter results, with earnings per share of $0.45 surpassing the $0.35 consensus estimate. Revenue climbed 9.6% year-over-year to $47.19 billion, edging past the $47.05 billion forecast. The automaker’s performance was buoyed by robust demand for its vehicles, particularly high-margin trucks and SUVs.

Despite the earnings beat, Ford slashed its 2025 guidance, citing a fire at a Novelis aluminum plant in New York that disrupted production. The incident is projected to cost $1.5 billion to $2 billion, forcing the company to revise its adjusted EBIT forecast downward to $6 billion–$6.5 billion from $6.5 billion–$7.5 billion. Adjusted free cash FLOW is now expected to land between $2 billion and $3 billion.

CFO Sherry House noted that Ford WOULD have raised its EBIT outlook above $8 billion absent the disruption. The automaker plans to offset losses by adding 1,000 workers in Michigan and Kentucky next year to recoup approximately 50,000 vehicles. A $1 billion reduction in anticipated tariff costs provided a partial offset to the headwinds.