Following our last update, ' We Are Looking Ahead, Buy Confirmed ,' CNH Industrial's (NYSE: CNH ) stock price recovered by 11.95%. (Fig 1). After the Farm Progress expo in Iowa, we were pricing negative expectations on theBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must ...

CNH announces Global Leadership Team changes Basildon, December 16, 2024 CNH (NYSE:CNH) today announces leadership changes designed to capitalize on current market opportunities in its Agriculture business in the North America and Europe, Middle East and Africa (EMEA) regions. These developments will support the Company at this stage of the agricultural cycle, readying it for the upswing. Scott Harris will assume the role of President, North America, effective January 1, 2025. Markus Müller will join CNH a ...

CNH designs special edition CASE compact track loader inspired by Metallica frontman James Hetfield Basildon, December 16, 2024 A special edition compact track loader from CNH construction brand CASE Construction Equipment was on display at the YouTube Theater in Inglewood, California, USA at the Helping Hands charity concert. Held on December 13, this annual event is organized by the rock band Metallica's All Within My Hands charitable foundation. Following its debut, this custom-designed CASE TV450B comp ...

CNH Industrial (CNH) reported third-quarter 2024 adjusted earnings per share (EPS) of 24 cents, down from 42 cents in the prior-year quarter. The figure also missed the Zacks Consensus Estimate of 28 cents.In the third quarter, consolidated revenues declined nearly 22% from the year-ago level to $4.65 billion and missed the consensus mark of $4.77 billion. The company’s net sales from industrial activities came in at $3.99 billion, down 25% due to lower industry demand and dealer inventory management.Stay u ...

Greenlight Capital's David Einhorn said Wednesday he has taken a medium sized position in agricultural play CNH Industrial.Speaking at CNBC's Delivering Alpha conference in New York City, the hedge fund investor said the agricultural machinery company is an under-the-radar value play as the industry nears the end of a bearish cycle. "It's exactly the kind of situation that absolutely nobody cares about right now because it's cheap, and the news over the next period of time isn't going to be very good. Agric ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer ☑ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36085 CNH ...

CNH Industrial (NYSE: CNH ) recently reported earnings, and we all know the report was not good. I have been a former shareholder of the company but sold out of it as market conditions deteriorated and the company underwentI focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a ...

How our electric mini excavators are helping Denmark reach its carbon emissions targets: ‘A Sustainable Year’ story from CNH Basildon, November 11, 2024 In the eighth installment of our ‘A Sustainable Year’ series we look at how CNH brand, New Holland Construction, is playing a role in helping Denmark move closer to its carbon emissions targets. We learn more from Claus Egede Cornelius, program director at Roskilde Technical School, Vilvorde. He speaks about how electric mini excavators are being used to gi ...

Financial Data and Key Metrics - Consolidated revenues were down 22% YoY, and industrial net sales were down 25% YoY [22] - Industrial gross margin reduced by 220 basis points YoY, and adjusted EBIT margin was 8.4%, down 340 basis points YoY [23] - EPS was $0.24 compared to $0.40 last year [23] - Free cash flow for industrial activities was an outflow of $180 million [30] - Adjusted net income in Q3 was $304 million, with an adjusted diluted EPS of $0.24, down $0.16 from Q3 2023 [29] Business Line Performance Agriculture - Agricultural net sales decreased 24% YoY, with lower volumes across all regions [31] - Production hours in agriculture equipment plants were down 42% YoY for row-crop products and 26% YTD for the entire product range [31] - Gross margin was down 290 basis points at 22.7% [32] - Adjusted EBIT margin ended at 10.2%, with a decremental EBIT margin of 28% [34] Construction - Construction net sales were $687 million, down 28% YoY [35] - Gross margin grew by 70 basis points to 16.6% [35] - Adjusted EBIT margin was down slightly YoY at 5.8%, with a decremental EBIT margin of 8% [36] Financial Services - Net income in Q3 was $78 million, an $8 million decrease compared to 2023 [37] - Retail originations in Q3 were $2.8 billion, down $0.2 billion YoY [38] - Delinquencies on book were down sequentially to 2.2% but remain elevated due to economic factors in South America [38] Market Performance - Sales were down in all regions across both agriculture and construction [22] - Ag demand in Brazil and Europe continues to be weak, and North America row crop demand has begun to soften [24] - Dealers' new inventory is estimated to be $1 billion to $1.5 billion above target levels [25] Company Strategy and Industry Competition - The company is focusing on cost reduction, with $85 million in incremental cost savings and $45 million in SG&A savings in Q3 [17] - Strategic sourcing efforts are underway, with a second wave of supplier contracts worth around $2 billion in purchases [18][19] - The company is evaluating options to simplify its manufacturing footprint and streamline operations [12][60] - R&D investments are being maintained, with a focus on in-house technology and product launches, including a new lineup at Agritechnica 2025 [14][58] Management Commentary on Operating Environment and Future Outlook - The macro environment remains challenging, with depressed commodity prices and muted farm income [8][9] - The company expects to underproduce retail demand through the first half of 2025, aiming to align production with retail demand by the second half [53] - Full-year 2024 guidance includes a 22% to 23% decrease in net sales and an industrial EBIT margin of 8% to 9% [51] - The company anticipates 2025 to be the bottom of the cycle, with potential market recovery in late 2025 or later [55][56] Other Important Information - The company has spent around $100 million in 2024 to address field quality issues [12] - Share buybacks have reduced the share count by about 7% since January 2023 [46] - The company reaffirms its policy to return 25% to 35% of adjusted net income to shareholders through dividends and share buybacks [46] Q&A Session Summary Question: Underproduction Plan for 2025 - The company plans to underproduce retail demand in agriculture by 30% to 40% in Q4 2024 and continue underproduction in Q1 and Q2 2025 [63][64] - Construction will also underproduce retail demand in the first half of 2025 [65] Question: Pricing and Inventory Management - Pricing pressure is seen in Europe and Latin America, but the company expects positive pricing for the full year [72] - Inventory levels are expected to remain above target, with efforts to reduce dealer inventories through underproduction [69][99] Question: R&D and Product Launches - R&D spending will remain stable, with a focus on in-house technology and product launches, including new combines and tractors [102][109] - The company has gained market share in key segments despite quality challenges [112][113] Question: Financial Services and Leasing - The company does not expect significant losses from operating leases, with resale values holding up [115][116] Question: Manufacturing Footprint and Cost Savings - The closure of the Burlington plant is part of a broader effort to streamline operations and reduce costs [60][124] - Cost savings from manufacturing efficiencies and strategic sourcing are expected to continue into 2025 [40][41]

CNH ew Gro Innovation Sustainability Productivity Q3 2024 RESULTS REVIEW November 8, 2024 SAFE HARBOR STATEMENT AND DISCLOSURES All statements other than statements of historical fact contained in this presentation including competitive strengths; business strategy; future financial position or operating results; budgets; projections with respect to revenue, income, earnings (or loss) per share, capital expenditures, dividends, liquidity, capital structure or other financial items; costs; and plans and obje ...