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CNH Industrial Q1 2025 Earnings Report
CNH Industrial N.V. reported its first quarter 2025 results, with consolidated revenues of $3.8 billion and diluted EPS of $0.10, reflecting lower industry demand and continued execution of cost-saving initiatives.
Key Takeaways
CNH Industrial N.V. reported a significant decrease in consolidated revenues and net income for Q1 2025 compared to Q1 2024, primarily due to lower industry demand and dealer destocking, especially in Agriculture and Construction segments. Despite market headwinds, the company's cost-saving initiatives partially offset the impact.
Consolidated revenues decreased by 21% to $3.83 billion in Q1 2025 compared to Q1 2024.
Diluted EPS for Q1 2025 was $0.10, a decrease from $0.29 in Q1 2024.
Adjusted EBIT of Industrial Activities decreased by 73% to $101 million.
Free cash flow of Industrial Activities was an outflow of $567 million, an improvement of $642 million year-over-year.
CNH Industrial
CNH Industrial
CNH Industrial Revenue by Segment
Revenue by Segment
Agriculture Revenue
CapyFin.comConstruction Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com Forward Guidance
CNH Industrial forecasts lower global industry retail sales in 2025 for both agriculture and construction equipment markets compared to 2024, with net sales expected to be lower due to efforts to reduce excess channel inventory. The company is evaluating potential global trade scenarios, including the impact of tariffs.
Positive Outlook
- Continued focus on reducing dealer inventories and managing costs.
- Balanced global exposure to continue providing excellent products and services.
- Strategic initiatives and team dedication expected to drive execution.
- Ongoing efforts to reduce operating costs partially mitigating margin erosion.
- Careful management of SG&A and R&D expenses.
Challenges Ahead
- 2025 global industry retail sales expected to be lower than in 2024.
- Lower production and sales levels will negatively impact segment margin results.
- Uncertainty from potential global trade scenarios, including tariffs.
- Agriculture segment net sales expected to be down between 12% and 20% year-over-year.
- Construction segment net sales expected to be down between 4% and 15% year-over-year.