CNH Industrial N.V.

CNH

Equity

ISIN NL0010545661 / Valor 22447447

New York Stock Exchange, Inc (2024-12-24)

USD 11.19-0.09%

CNH Industrial N.V.
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About company

CNH Industrial N.V. is a global manufacturer of agricultural and construction equipment, trucks, commercial vehicles, and powertrain solutions. The company operates through various brands such as Case IH, New Holland, Iveco, and FPT Industrial.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Decline

In the third quarter of 2024, CNH Industrial N.V. reported a consolidated revenue of $4.65 billion, marking a 22% decline compared to the same period in 2023. This decrease was attributed to lower industry demand, which significantly impacted the company's financial performance during this quarter.

Earnings Per Share

CNH Industrial N.V. announced a diluted earnings per share (EPS) of $0.24 for the third quarter of 2024. This figure represents a decrease from the $0.40 EPS reported in the third quarter of 2023, reflecting the challenges faced by the company in the current market environment.

Net Income

The net income for CNH Industrial N.V. in the third quarter of 2024 was $310 million. This is a notable decrease from the $540 million net income recorded in the third quarter of the previous year, highlighting the financial pressures the company is experiencing.

Cash Flow

During the third quarter of 2024, CNH Industrial N.V. reported net cash provided by operating activities of $791 million. However, the Industrial Free Cash Flow absorption was $180 million, indicating the company's efforts to manage cash flow amidst challenging market conditions.

Outlook and Guidance

CNH Industrial N.V. has lowered its full-year 2024 guidance due to continued weak end markets and elevated channel inventory levels. The company is focusing on cost-saving initiatives and adjusting production levels to align with retail demand, positioning itself for long-term success despite current challenges.

Summarized from source with an LLMView Source

Key figures

-6.59%1Y

%3Y

%5Y

Performance

31.3%1Y

31.6%3Y

31.6%5Y

Volatility