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● Ford raised full-year adjusted EBIT guidance to $10 billion to $11 billion with second-quarter results.
● Guidance for adjusted EBITDA moved to $90 to $100 million from $80 to $100 million.
● It narrowed full-year adjusted EBIT guidance but raised adjusted automotive free cash flow guidance.
● Second quarter net sales were about $6.3 billion, down 1.4%, with volume and mix falling.
● Guidance was raised a third straight quarter, with comparable EPS growth now about 11%.
● Cigarette shipment volume, led by Marlboro, is the figure market participants watch most closely.
● Revenue declined roughly 4% and came in below Wall Street expectations, according to coverage.
● Call summaries put volume growth at roughly 2.4%, suggesting demand contributed alongside pricing.
● Deliveries topped Wall Street expectations by more than 1,200 units.
● The schedule was announced on October 8, with a conference call to follow.
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