Ford Motor Company announced preliminary earnings results for the year 2017. For year 2017, the company is announced preliminary results of $1.95 EPS, an increase of 80 cents from a year ago, and adjusted EPS of $1.78, an increase of 2 cents from a year ago and in line with the company's most recent guidance. 2017 results will also include the impact of a non-cash pre-tax remeasurement loss of about $150 million related to the year-end revaluation of global pension and other postretirement employee benefits (OPEB) plans, also known as pension mark-to-market adjustment. Diluted after-tax results (GAAP) were $7.8 billion. Adjusted net income – diluted (Non-GAAP) was $7.1 billion.

For year 2018, the company is guiding to an adjusted EPS in the range of $1.45 to $1.70. This guidance reflects higher commodity costs and further adverse exchange, offset in varying degrees by actions the company is taking to mitigate their effect. The company expects its adjusted effective tax rate to be about 15%, which is similar to 2017. The company expects company revenue to be about flat to up modestly as favorable company-specific drivers more than offset the effect of slightly lower volumes in the U.S.