Back to top

Analyst Blog

Zacks Equity Research

Ford Boosts 3-Wet Paint Capacity

F VC THRM

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Ford Motor Co. (F - Analyst Report) is set to add its industry-leading 3-Wet paint processes in 4 more plants in the U.S, China and Spain. This will lead to 50% increase in capacity of the 3-Wet paint process.

Ford is installing the process in Flat Rock Assembly Plant and Kansas City Assembly Plant in U.S, Valencia Assembly Plant in Spain and Jiangling Motors Co. Ltd., Jiangxi/Nanchan in China. With this expansion, Ford expects to install the technology in 12 plants in 2013 and then extend it to other facilities worldwide over the next 4 years.

Ford implemented the 3-Wet high-solids solvent-borne technology for the first time in 2007. Currently, Ford has 8 plants with this process in North America, Asia Pacific and Europe. The eco-friendly process reduces carbon dioxide (CO2) emissions by 15% to 25% and volatile organic compound (VOC) emissions by 10%.

The 3-Wet paint process is the most advanced and conventional technology, which offers high quality durable paints at optimum cost. In this paint process, three layers of paint are applied sequentially while the prior layer remains wet. These three layers act as the primer, base coat and clear coat.

Ford posted a robust 55% rise in earnings per share to 31 cents in the fourth quarter of 2012 from 20 cents in the same quarter of 2011 (all excluding special items). With this, the company surpassed the Zacks Consensus Estimate of 26 cents. The year-over-year improvement was driven by the impressive North American results and, to some extent, solid improvements in Asia Pacific and Africa operations.

Total revenue grew 5.5% to $36.5 billion on a 7.5% rise in wholesale volumes to 1.5 million units. Total revenue was higher than the Zacks Consensus Estimate of $33.2 billion.

Mich. based Ford is one of the largest automobile producers in the world. Currently, the company retains a Zacks Rank #3 (Hold).

Other stocks that are performing well in the industry where Ford operates include Gentherm Incorporated (THRM - Snapshot Report), Visteon Corp. (VC - Snapshot Report) and Denso Corp. . All these companies carry a Zacks Rank #1 (Strong Buy).

 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
VERTEX ENERG VTNR 8.25 +10.59%
MODINE MANUF MOD 17.12 +8.77%
CLAYTON WILL CWEI 140.03 +7.27%
E*TRADE FINA ETFC 22.67 +5.44%
KNIGHTSBRIDG VLCCF 13.22 +5.42%