Ford Motor Co. (F) reported strong financial results for this year’s first quarter but suspended its forward guidance due to continued uncertainty related to tariffs and trade turmoil.
The Detroit automaker announced earnings per share (EPS) of $0.14 U.S., which blew past the consensus forecast among analysts that called for a profit of $0.02 U.S. a share.
Revenue in the January through March period totaled $37.42 billion U.S., which surpassed the $36.21 billion U.S. expected on Wall Street.
Despite the strong print, Ford’s management team suspended the company’s 2025 financial guidance, saying they expect a $2.5 billion U.S. impact this year from U.S. President Donald Trump’s tariffs on foreign made vehicles and automotive parts.
Ford executives also said that they plan to offset $1 billion U.S. in added costs from tariffs through pricing actions that could see the average cost of a vehicle sold in the U.S. rise.
The company added that it is grappling with “near-term risks” that include potential supply chain disruptions and possible impacts from retaliatory tariffs imposed by countries outside America.
Ford’s estimated tariff impact of $2.5 billion U.S. is less than the $4 billion U.S. to $5 billion U.S. forecast by rival General Motors (GM). Ford imports fewer vehicles than GM.
Also in the first quarter, Ford’s electric vehicle unit narrowed its loss from $1.33 billion U.S. a year ago to $849 million U.S. during this year’s first quarter.
The stock of Ford Motor Co. has risen 5% year-to-date and currently trades at $10.17 U.S. a share.