Form 8-K · Current Report · Filed 2024-05-02

CNH Industrial N.V. Reports Q1 2024 Financial Results

CNH Industrial N.V. reported a 10% decline in consolidated revenue for Q1 2024, with net income of $402 million and diluted EPS of $0.31. The company's agriculture segment saw a 14% drop in net sales, while the construction segment's adjusted EBIT margin improved by 150 basis points. CNH updated its full-year guidance to reflect lower agriculture industry projections.

Filer: CNH Industrial N.V. CNH · NYSE
Filed: 2024-05-02
Accession: 0001628280-24-019752
CIK: 0001567094
Signal: High impactIndustrials
Source: Official filing on sec.gov ↗

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Miss General Statement

Item 7.01

Regulation FD Disclosure

Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$11.33

Next session

+1.3%

Since filing

+20.5%

Latest close

$13.65

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from CNH reporting the same item, with the next session's move:

2024-04-22CNH Announces Leadership Transition with New CEO Appointment-5.9%

2024-04-19CNH Industrial N.V. Enters New Credit Agreement and Terminates Old One-7.3%

2024-03-19CNH Industrial N.V. Announces Notice of 2024 Annual General Meeting and Proxy Statement+2.5%

2024-02-14CNH Industrial N.V. Reports Q4 2023 Financial Results and Announces $500M Share Buyback Program+4.5%

2024-01-12CNH Industrial Realigns Senior Leadership Team with New Chief Human Resources Officer-1.4%

Exhibits (2)

EX-99.1ex991q124.htm475 KB EX-99.2ex992.htm35 KB

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.

Exchange NYSE Industry Farm & Heavy Construction Machinery Company website ↗

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