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Ford Motor announced its balance sheet for the first quarter of 2025.
Accordingly, the company’s revenue decreased by 5 percent to $40.7 billion in the first quarter of the year due to planned closures at some facilities related to new product introductions and inventory balancing measures. The company had revenue of $42.8 billion in the same period in 2024.
The company’s net profit also fell to $471 million.
Ford’s earnings per share fell from 49 cents in the first quarter of last year to 14 cents in the same period this year.
TARIFF EXPECTED TO HAVE A NEGATIVE IMPACT OF $1.5 BILLION ON PROFIT
Ford has suspended its financial forecasts for fiscal 2025 due to uncertainty about tariffs, the company said in a statement.
The statement cited risks such as the potential for industry-wide supply chain disruption, particularly affecting production, and the potential for new tariffs in the U.S., among other possible impacts such as retaliatory tariffs.
In addition, it was stated that a negative impact of approximately $1.5 billion is expected in pre-interest and pre-tax profits due to customs duties throughout the year, and that this may change depending on political developments regarding tariffs.
“Excluding the impact of tariffs, we are strengthening our core business with the third consecutive quarter of year-over-year cost improvement and significantly better quality,” said Ford Motor Company CEO Jim Farley.
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