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Dec 31, 2022
CNH Industrial Q4 2022 Earnings Report
Delivered record results in the first year as a pure play in Agriculture and Construction with a strong fourth quarter.
Key Takeaways
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.
Consolidated revenues of $6,943 million (up 26.7% compared to Q4 2021 for continuing operations)
Net income of $592 million, Adjusted Net Income of $486 million, with diluted EPS of $0.43 and adjusted diluted EPS of $0.36
Adjusted EBIT of Industrial Activities of $680 million (up $302 million compared to Q4 2021)
Net cash provided by operating activities of $1,443 million and Industrial Free Cash Flow of $2,049 million
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
The Company is providing the following 2023 outlook for its Industrial Activities:
Positive Outlook
- Net sales up between 6% and 10% year on year including currency translation effects
- SG&A up, no more than 5% vs 2022
- Free Cash Flow of Industrial Activities between $1.3bn and $1.5bn
- R&D expenses and capital expenditures at around $1.6bn
Revenue & Expenses
Visualization of income flow from segment revenue to net income