Ford’s fourth-quarter adjusted EBIT rose 25 percent to $2.6 billion. The automaker’s adjusted profit margin rose slightly to 5.8 percent while revenue in the quarter grew to $44 billion.

The automaker on Thursday also issued a first-quarter regular dividend of 15 cents per share and a supplemental dividend of 65 cents per share, which it says reflects monetization of its stake in Rivian.

Ford shares fell 6.1 percent to $13.45 in after-hours trading.

The company reported North American earnings of $9.2 billion for the year, which means about 56,000 UAW-represented employees will receive an average profit-sharing check of $9,176. Checks will be distributed in March, Ford said.

Read Article

2022 Was A Year Of Non Performance For Ford - $2 BILLION Down The Drain

About the Author