Ford Motor (F) Q2 2023 Earnings Call Transcript

For the period ending June 30, 2023

July 27, 2023 2:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, everyone. My name is MJ, and I will be your conference operator today. At this time, I would like to welcome you to the Ford Motor Company Second Quarter 2023 Earnings Conference Call.

All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

At this time, I would like to turn the call over to Lynn Antipas Tyson, Executive Director of Investor Relations. Please go ahead.

Lynn Tyson

Thank you, MJ, and welcome to Ford Motor Company's second quarter 2023 earnings call. With me today are Jim Farley, President and CEO; and John Lawler, Chief Financial Officer. Also joining us for Q&A is Marion Harris, CEO of Ford Credit and Ted Cannis, CEO of Ford Pro.

Today's discussion includes some non-GAAP references. These are reconciled to the most comparable U.S. taxes in the appendix of the earnings deck. You can find the deck along with the rest of our earnings materials and other important content at shareholder.ford.com. Our discussion also includes forward-looking statements about our expectations. Actual results may differ from those stated. The most significant factors that could cause actual results to differ are included on Page 26. Unless otherwise noted, all comparisons are year-over-year. Company EPS and free cash flow are on an adjusted basis and product mix is volume weighted.

A quick update some upcoming IR before I turn the call over to Jim. On Thursday, August 10, Ford prone will do a fireside sat at the Safer Automotive Conference in New York with Auto Brinkman. And on Wednesday, September 27, our Treasury, Dave Web, will participate in a green financing panel at the Goldman Sachs Global Sustainability Forum.

Before I turn it over to Jim, I just want to recognize one really important individual investor call, and that's my mom, who has listened to every single one of our Ford Investor Relations call since I joined. She is a tough cookie and always gives us a good working over after we do the call. So I just want to say Mom, welcome to being on the call.

Jim, I'll turn it over to you.

Jim Farley

Well, first, mom, thank you for Lynn. Thanks to all of you for joining us on the May Capital Markets event, where we shared our vision to refound our 120-year-old American icon and create a Ford that thrives at this exciting intersection between great vehicles and digital experiences.