P. A. Schilke
Well-Known Member
- First Name
- Phil
- Joined
- Apr 3, 2019
- Threads
- 142
- Messages
- 7,016
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- 36,214
- Location
- GV Arizona
- Vehicle(s)
- 2019 Ranger FX4 Lariat 4x4, 2020 Lincoln Nautilus, 2005 Alfa Motorhome
- Occupation
- Engineer Retired
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- #1
From a special edition of the Retiree newsletter
Hi, Ford Team.
At close of business in Dearborn today, we reported strong third-quarter 2021 financial results, as we accelerate implementation of the Ford+ plan to transform and grow the company. Take a look on @FordOnline and at our investor site to find our press release and other information about the quarter. A replay of the call Jim Farley and I have with stock analysts is also posted there or will be soon.
Dedicate some time to going through the information. Encourage your colleagues to do the same. Let's help each other understand and contribute to turning the promise of Ford+ into reality, for customers and everyone else who depends on the company.
Ford+ is a year old this month, and we're gaining real traction with the plan. We're starting to see results as we drive growth and create value for our customers. In Q3, all our vital financial metrics -- revenue, net income, adjusted earnings before interest and taxes, and adjusted free cash flow -- were up sharply compared with Q2.
The semiconductor shortage remains a challenge, but availability was much better for us in the third quarter than in the second quarter. Thanks to the hard work of our Purchasing and Material, Planning and Logistics teams, we were able to get more of our must-have vehicles in customer driveways. Those increased deliveries, a strong vehicle mix and favorable pricing helped produce adjusted earnings before interest and taxes, or adjusted EBIT, of $3 billion.
Like Jim is telling analysts, Ford+ isn't a tagline. it's a comprehensive, ambitious plan to develop and market the best connected electric vehicles and services. We're treating customers like family. We're disrupting old habits and modernizing the business. And we're competing like a challenger with new, game-changing products and services.
People are noticing, especially customers. You can see it in in all of our businesses.
Hi, Ford Team.
At close of business in Dearborn today, we reported strong third-quarter 2021 financial results, as we accelerate implementation of the Ford+ plan to transform and grow the company. Take a look on @FordOnline and at our investor site to find our press release and other information about the quarter. A replay of the call Jim Farley and I have with stock analysts is also posted there or will be soon.
Dedicate some time to going through the information. Encourage your colleagues to do the same. Let's help each other understand and contribute to turning the promise of Ford+ into reality, for customers and everyone else who depends on the company.
Ford+ is a year old this month, and we're gaining real traction with the plan. We're starting to see results as we drive growth and create value for our customers. In Q3, all our vital financial metrics -- revenue, net income, adjusted earnings before interest and taxes, and adjusted free cash flow -- were up sharply compared with Q2.
The semiconductor shortage remains a challenge, but availability was much better for us in the third quarter than in the second quarter. Thanks to the hard work of our Purchasing and Material, Planning and Logistics teams, we were able to get more of our must-have vehicles in customer driveways. Those increased deliveries, a strong vehicle mix and favorable pricing helped produce adjusted earnings before interest and taxes, or adjusted EBIT, of $3 billion.
Like Jim is telling analysts, Ford+ isn't a tagline. it's a comprehensive, ambitious plan to develop and market the best connected electric vehicles and services. We're treating customers like family. We're disrupting old habits and modernizing the business. And we're competing like a challenger with new, game-changing products and services.
People are noticing, especially customers. You can see it in in all of our businesses.
Sponsored
I call it likeI see it and if the truth hurts so be it. There's no denying Ford has screwed up the Bronco launch royally after promising better results from the failed Explorer launch. If you think getting a hardtop with delaminating seams is acceptable after paying $50K+ you're in the minority.
