Ford's (F) total revenue for Q3 2024 increased to $46.2 billion, up from $43.8 billion in Q3 2023, representing a 5% year-over-year growth. This growth was driven by higher revenues from vehicles, parts, and accessories, which rose to $41.7 billion in Q3 2024 compared to $39.9 billion in Q3 2023. Additionally, Ford Credit's revenue increased to $3.1 billion from $2.6 billion in the same period.

Net income for Q3 2024 declined to $892 million, down from $1.2 billion in Q3 2023, reflecting a decrease of $307 million. This decline was attributed to higher costs of sales, which rose to $40.2 billion in Q3 2024 from $37.5 billion in Q3 2023, and special items such as restructuring and EV program cancellations.

Ford's adjusted EBIT for Q3 2024 was $2.55 billion, an increase of $352 million compared to $2.2 billion in Q3 2023. The adjusted EBIT margin improved to 5.5% in Q3 2024 from 5.0% in Q3 2023, reflecting operational efficiencies and better cost management.

Diluted earnings per share (EPS) for Q3 2024 was $0.22, down from $0.30 in Q3 2023. However, adjusted EPS improved to $0.49 in Q3 2024 from $0.39 in Q3 2023, highlighting the impact of excluding special items on profitability.

Ford's cash flows from operating activities increased to $5.5 billion in Q3 2024, up from $4.6 billion in Q3 2023. This improvement was supported by higher net cash provided by operating activities, which reached $12.4 billion for the first nine months of 2024, consistent with the prior year.

The company recorded $1.4 billion in pre-tax special item charges in Q3 2024, primarily due to the cancellation of an all-electric three-row SUV program, pension curtailment costs, and restructuring actions in Europe. These charges significantly impacted net income and were excluded from adjusted EBIT calculations.

Ford's total revenue for the first nine months of 2024 reached $136.8 billion, up from $130.2 billion in the same period of 2023, driven by strong performance in vehicle sales and Ford Credit's financing income. However, net income for the first nine months of 2024 declined to $4.1 billion from $4.9 billion in 2023, reflecting higher costs and special item charges.

Ford's adjusted free cash flow for Q3 2024 was $3.2 billion, a significant increase from $1.2 billion in Q3 2023. For the first nine months of 2024, adjusted free cash flow rose to $5.9 billion from $4.8 billion in the same period of 2023, reflecting improved cash generation capabilities.