CNH Industrial Earnings Reports

CNH Industrial reported a decrease in consolidated revenue by 10% to $4.82 billion due to lower industry demand. Net income was $402 million, with diluted EPS at $0.31. The company is navigating a declining market by focusing on production efficiency, commercial execution, and cost reductions.

CNH Industrial reported a 4% increase in fourth-quarter net income despite a 2% decline in consolidated revenue. The Agriculture segment saw an adjusted EBIT margin increase of 40 bps, while the Construction segment's EBIT margin rose by 230 bps. The company announced an additional $500 million share buyback program.

CNH Industrial reported a 2% year-over-year increase in both consolidated revenue and net income for Q3 2023. Despite softer demand in certain product categories and South America, segments improved profitability by executing cost containment actions. The company is initiating a restructuring program and expects a run rate reduction of 10-15% on total labor and non-labor SG&A expenses.

CNH Industrial reported record second quarter net income of $710 million and consolidated revenues of $6.57 billion, up 8% compared to Q2 2022. The company capitalized on favorable market fundamentals and solid operational execution, with the Agriculture segment setting margin records and Construction net sales surpassing $1 billion for the first time.

CNH Industrial reported strong Q1 2023 results, with consolidated revenues up 15% to $5,342 million and net income reaching $486 million. The company benefited from robust demand in the agriculture sector and improved performance in construction, particularly in North America. Strategic acquisitions and lean enterprise programs are contributing to a simpler and more effective company.

CNH Industrial delivered a strong fourth quarter contributing to record full year revenue and income. Sharp execution and improving supply chain management generated $1.6B of full year industrial free cash flow.