Ford Motor Company (NYSE:F) Q2 2024 Earnings Conference Call July 24, 2024 5:00 PM ET

Company Participants

Lynn Antipas Tyson - Executive Director of IR
Jim Farley - President and CEO
John Lawler - Vice Chair and CFO
Cathy O'Callaghan - CEO, Ford Credit

Conference Call Participants

Adam Jonas - Morgan Stanley
Bruno Dossena - Wolfe Research
John Murphy - Bank of America
Dan Levy - Barclays
Ryan Brinkman - JPMorgan

Operator

Good day, everyone. My name is Gary, and I will be your conference operator today. At this time, I would like to welcome you to the Ford Motor Company Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

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

Lynn Antipas Tyson

Thank you, Gary. Welcome to Ford Motor Company's second quarter 2024 earnings call. With me today are Jim Farley, President and CEO; and John Lawler, Vice Chair and Chief Financial Officer. Also joining us for Q&A is Cathy O'Callaghan, CEO of Ford Credit.

Today's discussion includes some non-GAAP references. These are reconciled to the most comparable U.S. GAAP measures in the appendix of our earnings deck, and 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 20. Unless otherwise noted, all comparisons are year-over-year. Company EBIT, EPS, and free cash flow on an adjusted basis.

Now, I'll turn the call over to Jim.

Jim Farley

Thanks, Lynn. And thanks for joining us.

First, I wanted to thank our global team. Remaking Ford into a high-margin, high-growth, more capital-efficient and a more durable business is really hard work. It requires focus, collaboration and excellence. And I also want to thank our investors. We're committed to creating value consistently over the long-term, and we appreciate your support and input.

Execution against our Ford+ plan allows us to break free from the low-margin, capital-intensive and cyclical attributes that have constrained auto -- legacy auto valuations for a long time. And this process does not happen in a straight line. We are absolutely a different company than we were three years ago. And our pace of change is intensifying. The creation of Ford Pro, Blue, and Model e have been a huge catalyst for transparency, accountability and more rigorous capital allocation.