Ford 1Q 2019 Earning Results Down 34% On Overseas Charges - Upbeat About Future
Ford Motor Co. beat expectations with its first-quarter results despite one-time charges associated with the company's global restructuring—and company executives said there'd be more strong results to come this year.
Profits slid 34% in the first quarter. But results for the quarter were better than expected, according to Ford Chief Financial Officer Bob Shanks, saying they show CEO Jim Hackett's changes at the automaker are taking effect.
DEARBORN, Mich., April 25, 2019 -- Ford Motor Company today reported its 2019 first quarter financial results. Click media.ford.com to view the news release and visit shareholder.ford.com to view the slide presentation and access the webcast to Ford’s earnings call, which begins at 5:30 p.m. ET with Jim Hackett, president and CEO, Bob Shanks, Chief Financial Officer, and members of Ford’s senior management team.
About Ford Motor Company
Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions. Ford employs approximately 196,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com.