Ford is selling a lot of well-optioned vehicles like this loaded F-150 Limited. The result was an exceptionally strong profit margin in the first quarter. Image source: Ford Motor Company.
Ford Motor Company (NYSE:F) reported its first-quarter 2016 earnings before the bell on Thursday, April 28. Here’s what investors need to know.
The key numbers
| Q1 2016 | Q1 2015 | |
|---|---|---|
| Revenue | $37.7 billion | $33.9 billion |
| Wholesale deliveries | 1,720,000 | 1,568,000 |
| Pre-tax income | $3.8 billion | $1.7 billion |
| Pre-tax profit margin | 9.8% | 4.8% |
| Net income | $2.5 billion | $1.2 billion |
| Automotive-related cash flow | $2.7 billion | $0.5 billion |
Data source: Ford Motor Company.
Ford’s calculation of “pre-tax income” differs from GAAP o…
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