Ford reports $3.5 billion Q1 earnings, surpassing Wall Street expectations

13 articles · Updated · The Wall Street Journal · Apr 29

Adjusted earnings include a $1.3 billion one-time gain from tariff refunds after the Supreme Court invalidated Trump-era tariffs in January.
Profitability improved despite lower sales, driven by a shift to high-margin SUVs like the Explorer and Bronco. Ford sold 934,000 vehicles, down from 971,000 last year.
Ford is ending production of the Escape in the US and Focus in Europe. Its electric-vehicle unit posted an $800 million loss, while the company raised its full-year earnings outlook.

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