First quarter consolidated revenue declined 10% on lower industry demand First quarter diluted EPS at $0.31; adjusted diluted EPS at $0.33 ($0.35 in the first quarter of 2023) First quarter Agriculture segment adjusted EBIT margin down 200 bps year-over-year to 12.5%; Construction up 150 bps to 6.7% Cost reduction programs on track, helping to mitigate [...]
Fourth quarter net income increased by 4% year-over-year despite consolidated revenue declining by 2% Fourth quarter Agriculture segment adjusted EBIT margin up 40 bps year-over-year to 13.5%; Construction up 230 bps to 5.8% Full year net income up 17% year-over-year on a 5% increase in consolidated revenue Full year diluted EPS reaches $1.76; adjusted diluted [...]
Basildon, January 9, 2024 (Korea Bizwire) CNH announces a streamlining of its leadership structure. Effective immediately, the Company is reducing the size of and realigning the Senior Leadership Team (SLT) which will henceforth be known as the Global Leadership Team (GLT). The GLT is the Company’s operational decision-making body responsible for driving the performance of [...]
Basildon, December 1, 2023 (Korea Bizwire) – CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that on November 30, 2023, S&P Global Ratings raised its long-term issuer credit ratings on CNH Industrial N.V. and its subsidiary, CNH Industrial Capital LLC, to ‘BBB+’ from ‘BBB’. S&P Global Ratings also affirmed the ‘A-2′ short-term issuer credit [...]
Q3 consolidated revenue and net income both increased by 2% year-over-year Amid softer demand in certain product categories and South America, segments improved profitability by executing cost containment actions Agriculture segment adjusted EBIT margin up 50 bps year-over-year to 15.3%, despite net sales declining by 3% Construction segment adjusted EBIT margin up 360 bps year-over-year [...]
London, Feb. 25 (Korea Bizwire) - IVECO BUS, a global manufacturer of buses and coaches and a brand of CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), signed an agreement on February 25, 2020 with Turkey’s pioneer bus manufacturer Otokar Otomotiv ve Savunma Sanayi A.Ş (IST: OTKAR) to locally manufacture products under the IVECO BUS brand [...]
London, February 22 (Korea Bizwire) — Double-deck trailers would deliver tractor cabs built in France to the New Holland Agriculture plant in Basildon, UK, for assembly operations and then return empty because their top decks were fixed in place and the finished tractors too tall to fit. Working together with tractor transportation partner De Rooy [...]
LONDON, Feb. 12 (Korea Bizwire) — CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced the appointment of Brad Crews as the Brand President of Case IH, effective March 4, 2019. Case IH is one of the Company’s global agricultural brands. Brad Crews rejoins CNH Industrial following his tenure as a Director of Titan [...]
LONDON, Jan. 23 (Korea Bizwire) — The following is an extract from the “CNH Industrial 2018 fourth quarter and full year results” press release. The complete press release can be accessed by visiting the media section of the CNH Industrial corporate website: cnhindustrial.com/en-us/media/press_releases/ or consulting the accompanying PDF: CNH Industrial reported strong Q4 and full year 2018 [...]