Form 8-K · Current Report · Filed 2024-02-14
CNH Industrial N.V. Reports Q4 2023 Financial Results and Announces $500M Share Buyback Program
CNH Industrial N.V. reported Q4 2023 results with a 4% increase in net income to $617 million, despite a 2% decline in consolidated revenue to $6.79 billion. Full-year 2023 net income rose 17% to $2.38 billion on a 5% increase in consolidated revenue to $24.7 billion. The company also announced a new $500 million share buyback program, following the completion of its existing $1 billion buyback program. Key financial metrics showed improved adjusted EBIT margins in both Agriculture and Construction segments. Non-GAAP measures, including adjusted net income and adjusted diluted EPS, also reflected positive performance for the year.
- Filer
- CNH Industrial N.V. CNH · NYSE
- Filed
- Accession
- 0001628280-24-004631
- CIK
- 0001567094
- Signal
- Medium impactIndustrials
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Regulation FD Disclosure
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$11.82
Next session
+4.5%
Since filing
+15.5%
Latest close
$13.65
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Precedent
Previous filings from CNH reporting the same item, with the next session's move:
Exhibits (2)
About CNH Industrial N.V.
CNH Industrial N.V. is a global leader in the capital goods sector, engaged in the design, production, and sale of agricultural and construction equipment, commercial vehicles, and powertrains. As a prominent manufacturer, CNH Industrial operates through various well-known brands like Case IH, New Holland Agriculture, and Iveco. These brands enable the company to address diverse market needs across farming, construction, and industrial sectors. CNH Industrial's offerings support vital industries by providing machinery and equipment essential for efficient operations, thus playing a crucial role in bolstering productivity in these fields. Additionally, the company is involved in the development of advanced technologies to enhance machine efficiency and sustainability. Headquartered in Amsterdam, Netherlands, CNH Industrial maintains a strong global presence with operations spanning multiple continents, underscoring its significant influence in shaping industrial and agricultural machinery markets.
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