Wednesday, October 24, 2018

Ford Motor To Not Reach 8% EBIT Margin Or High Teens ROIC Targets By 2020

Ford Motor Company (F) reaffirmed adjusted EPS guidance for the full-year in the range of $1.30 to $1.50 and positive cash flow that will be lower than 2017. The company noted that as a result of the higher costs and uncertainty impacting the entire sector, coupled with unexpected deterioration in the current year in the Europe and China business, it will not reach previously announced 8 percent EBIT margin or high teens ROIC targets by 2020.

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