Ford Raises Profit Outlook After $1.3B Tariff Refund
Following a tariff refund of $1.3 billion, Ford Motor Company has updated its profit forecast for the entire year. The automaker's adjusted EBIT has increased more than threefold compared to the previous year, prompting a $500 million increase in its earnings guidance at the midpoint for the full year.
Key facts
- Ford raised its full-year profit outlook.
- Ford received a $1.3 billion tariff refund.
- Ford's adjusted EBIT more than tripled year-over-year.
- Ford lifted its full-year earnings guidance by $500 million at the midpoint.
Entities
Institutions
- Ford Motor Company
Sources
- Quartz —