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The Ford+ growth plan is providing customers with the mix of gas, hybrid and electric personal and commercial vehicles and services they want, while improving growth, margins and capital efficiency and reducing cyclicality – prompting the company to reiterate its expectations for full-year 2024 operating results.
That's the summary of what Ford CFO John Lawler will say today (Tuesday) during fireside-chat remarks at the BofA Securities Auto Summit. Lawler will speak at 12:10 p.m. ET. His comments will be webcast "live" and on replay and a transcript of them will be available afterward, all via shareholder.ford.com.
Lawler will affirm the operating guidance that Ford provided in early February: adjusted earnings before interest and taxes of $10 billion to $12 billion, adjusted free cash flow of $6 billion to $7 billion, and capital expenditures of $8 billion to $9.5 billion.
He'll also describe specific achievements within the Ford+ plan and its three distinct, customer-centered business segments: Ford Blue for iconic gas and hybrid vehicles; Ford Pro, with tailored products and services to help commercial customers transform their enterprises; and Ford Model e, which is developing breakthrough electric vehicles along with connected, software-enabled capabilities and experiences that are being applied across the company's global product lineup.
Ford plans to report first-quarter 2024 financial results on Wednesday, April 24.
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