Ford Motor Company (NYSE:F) estimated at $1.5 billion impact from tariffs in 2025 and pulled its financial guidance due to the associated uncertainty.
The automaker said its underlying business is "strong" and trading remains within the previous guidance for adjusted EBIT in a range of $7 billion to $8.5 billion, excluding tariff-related impact.
But it said it was suspending its guidance, "given material near-term risks, especially the potential for industrywide supply chain disruption impacting production, the potential for future or increased tariffs in the US, changes in the implementation of tariffs including tariff offsets, retaliatory tariffs and other restrictions by other governments and the potential related market impacts, and finally policy uncertainties associated with tax and emissions policy".
It said these are "substantial industry risks, which could have significant impacts on financial results, and that make updating full year guidance challenging right now given the potential range of outcomes".
The second quarter earnings call in July could see guidance reinstated.
CEO Jim Farley said Ford had seen a third straight quarter of year-over-year cost improvement, excluding the impact of tariffs.
CFO Sherry House noted that the balance sheet has $27 billion in cash and $45 billion in liquidity, providing "flexibility to continue to invest in profitable growth while managing current industry dynamics".