S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Cars and Drivers

Daimler Reports Free Cash Flow Gusher

Photo of Paul Ausick
By Paul Ausick Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Sports car
Daimler AG
Daimler, the maker of Mercedes-Benz cars, announced that free cash flow in the company’s third quarter rose to €5.4 billion from €1.6 billion in the third quarter of 2014. Excluding the effects of acquisitions and divestments, the company’s free cash flow in the third quarter rose to €2.9 billion, compared with the same €1.6 billion a year ago.

Daimler reported EBIT at its Mercedes-Benz cars division of €1.6 billion, up from €1.25 a year ago. Daimler truck earnings rose from €530 million to €618 million, Mercedes-Benz vans rose from €152 million to €176 million, Daimler buses rose from €61 million to €64 million and Daimler financial services rose from €322 million to €355 million.

The results track with the company’s sales report for September. Daimler sold more Mercedes cars in China during the month than it did in its home country of Germany. In fact, September’s sales were the best ever for the month, and the third quarter was the strongest sales quarter in the company’s history.

Daimler now expects EBIT for the full year to be “significantly higher” for its Mercedes-Benz cars division, its Daimler trucks division and its buses division. Earnings are expected to be slightly higher than last year for its financial services group and equal to last year in the van division. Daimler reports third-quarter results on October 23.

ALSO READ: Mercedes Sales Top BMW in September

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Douglas A. McIntyre |

Mercedes Worldwide Sales Surge Led by US and China

Daimler reported extraordinary results for the first quarter, led by a surge in global Mercedes-Benz sales.
Douglas A. McIntyre |

DaimlerChrysler’s Fair Quarter

For the first quarter of the year, EBIT at DaimlerChrysler (DCX) rose to $2.7 billion from $1.5 billion a year…
Douglas A. McIntyre |

Mercedes Sells 419,000 Vehicles in Second Quarter

courtesy of Mercedes-BenzIf there is any issue about whether the world’s rich are getting richer, it should be settled by…
Mercedes-Benz Maker Warns on Q2 Profit
Paul Ausick |

Mercedes-Benz Maker Warns on Q2 Profit

German automaker Daimler warned Monday that an increased provision to deal with the company's diesel emissions troubles will reduce profits…
Douglas A. McIntyre |

Mercedes Counts on Cheap Cars to Drive Growth

courtesy of Daimler Global MediaDaimler, the parent company of Mercedes, posted good third-quarter earnings. Unfortunately for the car maker, the…
Paul Ausick |

Airbus Earnings Please Investors, but Legal Risks Loom

European aircraft maker Airbus reported better earnings this morning, but investigations into bribery charges in the United Kingdom, France and…
GM Earnings Jump on Record Revenues, But Europe Weighs on Shares
Paul Ausick |

GM Earnings Jump on Record Revenues, But Europe Weighs on Shares

General Motors Co. (NYSE: GM) reported third-quarter 2016 results before markets opened Tuesday morning. For the quarter, the automaker posted…
Hope Springs Eternal: New Guidance From Ford (F)
Paul Ausick |

Hope Springs Eternal: New Guidance From Ford (F)

Ford released new guidance for its 2023 fiscal year on Thursday morning. The company withdrew prior guidance in October.
Why Investors Should Like GM Earnings
Paul Ausick |

Why Investors Should Like GM Earnings

GM reported better-than-expected first-quarter 2017 results before markets opened Friday. Volumes were lower year over year, but sales jumped on…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618