Ford press release (NYSE:F): Q3 Non-GAAP EPS of $0.45 beats by $0.09.
Revenue excl. ford credit of $47.19B (+9.6% Y/Y) beats by $3.33B.
Full-year 2025 guidance includes adjusted EBIT of $6.0 billion to $6.5 billion, adjusted free cash flow of $2.0 billion to $3.0 billion and capital spending of about $9 billion
Between 2025 and 2026, expected Novelis headwind of $1.0 billion or less
Novelis-related 2025 adjusted EBIT headwind of $1.5 billion to $2.0 billion, also affecting full-year cash flow; expected to mitigate at least $1.0 billion of adjusted EBIT in 2026
