Ford Motor Co (F) Q1 2024 Earnings: Solid Performance Amidst Market Challenges

Revenue: Reported at $42.8 billion, up 3% year-over-year, surpassing estimates of $40.1 billion.
Net Income: Achieved $1.3 billion, falling short of estimates of $1.67 billion.
Earnings Per Share (EPS): Recorded at $0.33, below the estimated $0.42.
Adjusted Free Cash Flow: Reported a use of $500 million, indicating a decrease compared to previous periods.
Dividend: Declared a second-quarter regular dividend of 15 cents per share.
Full-Year Guidance: Adjusted EBIT forecast at the high end of $10 billion to $12 billion; adjusted free cash flow target raised to $6.5 billion to $7.5 billion.
Capital Expenditures: Tightened guidance to $8 billion to $9 billion for the year, reflecting disciplined capital allocation.

The company's net income for Q1 stood at $1.3 billion, with an operating cash flow of $1.4 billion. However, adjusted free cash flow was a use of $500 million, primarily due to working capital effects associated with inventory.