Ford | Cost Improvement, Ford Pro Growth Fuel Strong Q3 Results; Ford+ Sets Up Long-term Value Creation

Ford reported third-quarter 2024 revenue of $46 billion, net income of $0.9 billion (including a $1 billion EV-related charge), and adjusted EBIT of $2.6 billion. Ford Pro revenue increased 13%, and Ford Pro Intelligence subscriptions grew by 30% to 630,000 users. The company declared a Q4 dividend of 15 cents per share and expects full-year 2024 adjusted EBIT to be about $10 billion.

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