Loading...
•
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
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...