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CNH’s agriculture design excellence recognized with Case IH brand’s Red Dot Product Design win
Globenewswire· 2025-06-18 08:00
Case IH Quadtrac 715 Case IH Quadtrac 715 Twin Red Dot Award Win Case IH Quadtrac 715 Case IH Quadtrac 715 twin Red Dot Award Win CNH’s agriculture design excellence recognized with Case IH brand’s Red Dot Product Design win Basildon, June 18, 2025 CNH (NYSE: CNH) is proud to announce that the 2025 Red Dot Design Awards has recognized our Case IH brand’s Quadtrac 715 tractor in two categories. Red Dot is one of the world’s largest design competitions with over 18,000 entries from 70+ countries reco ...
CNH’s latest AI sprayer precision tech goes beyond the boom
Globenewswire· 2025-06-12 13:00
SenseApply technology Man in field with Case IH sprayer with SenseApply Technology SenseApply technology In-cab SenseApply Technology at work in the field SenseApply Technology A Case IH sprayer with SenseApply Technology SenseApply technology Two men in a field with a Case IH sprayer with SenseApply Technology CNH’s latest AI sprayer precision tech goes beyond the boom Basildon, June 12, 2025 Machine learning and camera sensing technology are proving how powerfully AI supports agriculture b ...
A look at how CNH and Nature’s Net Wrap are rolling out a world-first natural solution to plastic pollution
Globenewswire· 2025-06-05 13:00
NNW Infographic Nature's Net Wrap Infographic Nature's Net Wrap New Holland stand showing Nature's Net Wrap A look at how CNH and Nature’s Net Wrap are rolling out a world-first natural solution to plastic pollution Basildon, June 5, 2025 The latest installment in our ‘A Sustainable Year’ series spotlights the science behind Canadian bale storage innovator Nature’s Net Wrap, a CNH Ventures partner. We speak with the innovators driving it forward, Larry and Austin Ruud, ranchers in Western Canada. A ...
Pricing of CNH Industrial Capital Canada Ltd. Cdn$500 million notes
Globenewswire· 2025-06-02 21:30
Group 1 - CNH Industrial N.V. announced the pricing of Cdn$500 million in aggregate principal amount of 3.75% notes due June 5, 2029, with an issue price of 100.00% [1] - The offering is expected to close on June 5, 2025, subject to customary closing conditions [1] - The net proceeds from the offering will be used for working capital and other general corporate purposes, including the purchase of receivables and repayment of indebtedness [2] Group 2 - The notes are senior unsecured obligations and will pay interest semi-annually starting December 5, 2025 [3] - The notes will be guaranteed by CNH Industrial Capital LLC, CNH Industrial Capital America LLC, and New Holland Credit Company, LLC, all of which are indirect wholly owned subsidiaries of CNH Industrial N.V. [3] - The securities offered in the private placement have not been qualified for sale to the public under applicable securities laws in Canada [4] Group 3 - The securities have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without an effective registration statement or applicable exemption [5] - This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities [6] - CNH Industrial Capital LLC primarily underwrites and manages financing products for customers and dealers of CNH Industrial North America [7]
CNH expands connectivity solutions with SpaceX’s Starlink
Globenewswire· 2025-05-15 20:00
Core Insights - CNH has signed an agreement with SpaceX's Starlink to provide satellite connectivity solutions for farmers, enhancing the capabilities of its brands, including Case IH and New Holland [1][5][6] - The collaboration aims to deliver robust and affordable high-speed internet, enabling a fully connected fleet in remote rural areas [1][2][5] Connectivity Solutions - Starlink's advanced satellite network offers reliable, low-latency internet, which enhances the communication and coordination of CNH's intelligent machines, thereby improving productivity and yield [3][4] - The integration with CNH's FieldOps digital platform allows customers to monitor their machines and access data from anywhere, enhancing farm management capabilities [3][4] Precision Technology Applications - The partnership facilitates prescription spraying, allowing for quicker application of crop protection products, which can lead to improved crop yields [4] - CNH's FieldXplorer platform utilizes AI to create field maps from drone images, and with Starlink, data can be exported rapidly to generate prescription spraying maps [4] Company Overview - CNH Industrial is a global leader in equipment, technology, and services, focusing on innovation, sustainability, and productivity [6][7] - The company operates various brands, including Case IH, New Holland, and STEYR, providing a comprehensive range of agricultural and construction products [6][7]
CNH announces voting results of 2025 Annual General Meeting and publishes 2024 Sustainability Report
Globenewswire· 2025-05-12 14:30
Core Points - CNH Industrial held its 2025 Annual General Meeting (AGM) where shareholders appointed and re-appointed key executive and non-executive directors [1] - The AGM approved the 2024 financial statements under IFRS and declared a dividend of $0.25 per common share, totaling approximately $312 million [2] - The dividend will be distributed on May 30, 2025, to shareholders of record on May 21, 2025, with payments in Euro for shares deposited in Monte Titoli [3] - Concurrently, CNH published its 2024 Sustainability Report outlining sustainability priorities, strategic targets, and achievements for the year [4] Company Overview - CNH Industrial is a global leader in equipment, technology, and services, focusing on innovation, sustainability, and productivity [5] - The company operates various brands including Case IH, New Holland, CASE, and others, providing a comprehensive range of agricultural and construction products [5] - With over 35,000 employees, CNH emphasizes a diverse and inclusive workplace aimed at empowering customers and driving efficiency [6]
CNH’s new Strategic Business Plan set to enhance product leadership and expand margins
Globenewswire· 2025-05-08 16:00
Core Insights - CNH presented its Strategic Business Plan (SBP) at the Investor Day 2025, outlining a clear path for growth and cost efficiency [2][3] - The company aims to consolidate its position as a leading player in agriculture and construction markets while targeting significant margin improvements [4][12] Group 1: Strategic Goals - CNH aims to be the 1 or 2 player in all major markets during the plan period [4][12] - The company targets a 16-17% mid-cycle adjusted EBIT margin in Agriculture by 2030 [10][12] - For the Construction segment, CNH is targeting a 7-8% mid-cycle adjusted EBIT margin by 2030 [14] Group 2: Product Development and Technology - CNH will enhance product leadership through new launches and updates across its agricultural equipment lineup, including a full refresh of tractors and advanced combine harvesters [5][6] - The integration of Precision Tech, including AI capabilities and agronomic sensors, will be a key focus, with expectations that Precision Tech sales will nearly double as a percentage of total Agriculture Net Sales by 2030 [7][12] Group 3: Market Strategy - A new go-to-market strategy will focus on an integrated dealer network and brand strategy to improve customer engagement and service [8][9] - The company plans to invest approximately 100 basis points of annual margin over the next five years in growth-oriented dealers [9] Group 4: Operational Efficiency - CNH is committed to delivering over $550 million in operational and quality cost improvements by 2030 to support margin expansion [13][12] - The company will focus on operational efficiencies through strategic sourcing, plant efficiencies, and enhanced product reliability [13] Group 5: Shareholder Returns - CNH plans to increase through-cycle Industrial cash generation by 25% and return substantially all Industrial Free Cash Flow to shareholders through dividends and share buybacks [18][17]
CNH Industrial (CNH) 2025 Capital Markets Day Transcript
2025-05-08 14:00
CNH Industrial (CNH) 2025 Capital Markets Day May 08, 2025 09:00 AM ET Speaker0 morning. Thank you, Jason, and good morning, everyone. Today, I'm delighted to introduce our CEO and executive team. Before I do that, I'd like to share with you how our long heritage and deep expertise has positioned CNH as the partner of choice for farmers and builders around the globe. For more than one hundred and eighty years, our legacy has been built on the pioneering spirit of innovators such as Jerome Case, the founder ...
Follow Live: CNH Investor Day 2025
Globenewswire· 2025-05-08 10:00
Core Insights - CNH Industrial is hosting its Investor Day 2025 at the New York Stock Exchange, focusing on strategic direction, innovation, sustainability, and productivity [1][3][7] - The event features presentations from key executives covering various aspects of the company, including agriculture products, precision technology, and financial performance [1][7] Company Overview - CNH Industrial is a global leader in equipment, technology, and services, with a mission centered on innovation and sustainability [3][4] - The company operates under several brands, including Case IH, New Holland, CASE, and others, providing a comprehensive range of agricultural and construction products [3][4] Event Details - The Investor Day presentations will begin at 9:00 am ET, with a full agenda including opening remarks, product overviews, and a Q&A session [1][7] - A recording of the event will be available shortly after its conclusion [2]
CNH Industrial(CNHI) - 2025 Q1 - Quarterly Report
2025-05-06 14:45
Financial Performance - Total revenues for the three months ended March 31, 2025, were $3,828 million, a decrease of 20.5% compared to $4,818 million in the same period of 2024[12]. - Net income attributable to CNH Industrial N.V. for Q1 2025 was $131 million, down 64.4% from $368 million in Q1 2024[12]. - The company incurred a net loss of $132 million for Q1 2025, compared to a net income of $369 million in Q1 2024, representing a decline of 135.7%[12]. - Comprehensive income attributable to CNH Industrial N.V. was $188 million for Q1 2025, down 41.0% from $319 million in Q1 2024[15]. - The company reported a basic earnings per share of $0.10 for Q1 2025, down from $0.29 in Q1 2024, a decrease of 65.5%[12]. Cash Flow and Liquidity - Cash and cash equivalents decreased to $1,695 million as of March 31, 2025, from $3,191 million at December 31, 2024, representing a decline of 46.9%[10]. - The company reported a net cash used by operating activities of $162 million for Q1 2025, compared to a net cash used of $894 million in Q1 2024[18]. - The company’s debt stood at $26,010 million as of March 31, 2025, down from $26,882 million at the end of 2024, a decrease of 3.2%[10]. Assets and Liabilities - Total assets decreased to $42,057 million as of March 31, 2025, from $42,933 million at December 31, 2024, a reduction of 2.0%[10]. - Total liabilities decreased to $34,098 million as of March 31, 2025, down from $35,165 million at December 31, 2024, a decrease of 3.0%[10]. - The company’s total equity increased to $7,902 million as of March 31, 2025, from $7,713 million at December 31, 2024, an increase of 2.5%[10]. Revenue Breakdown by Segment - Agriculture segment revenues decreased to $2,581 million in Q1 2025 from $3,373 million in Q1 2024, representing a decline of 23.5%[30]. - Construction segment revenues fell to $591 million in Q1 2025, down 22.0% from $758 million in Q1 2024[30]. - Financial Services revenues decreased to $651 million in Q1 2025 from $685 million in Q1 2024, a decline of 5.0%[30]. Research and Development - Research and development expenses for Q1 2025 were $184 million, a decrease of 19.3% compared to $228 million in Q1 2024[12]. - Research and development expenses for the Agriculture segment were $163 million in Q1 2025, while the Construction segment incurred $21 million[51]. Inventory and Receivables - Total inventory rose to $5,156 million as of March 31, 2025, up from $4,776 million at the end of 2024, suggesting increased stock levels[58]. - Financing receivables decreased from $10,831 million on December 31, 2024, to $10,207 million on March 31, 2025[35]. - The total past due receivables in North America for 2025 were $1,182 million, showing a significant decrease from $3,815 million in 2024[70]. Tax and Regulatory Impact - The effective tax rate increased from 19.2% in Q1 2024 to 29.0% in Q1 2025, attributed to the company's income mix and reduced rate relief from Argentina's economy[39]. - The company does not expect the OECD's proposed global minimum tax of 15% to have a material impact on its financial results during 2025[40]. Derivatives and Financial Instruments - The total notional amount of CNH's foreign exchange derivatives was $4.7 billion as of March 31, 2025, compared to $4.2 billion at December 31, 2024[113]. - CNH's interest rate derivatives totaled approximately $9.0 billion as of March 31, 2025, down from $9.1 billion at December 31, 2024[117]. - The fair value of CNH's derivative assets was $124 million on March 31, 2025, compared to $147 million on December 31, 2024[120]. Related Party Transactions - Net revenues from transactions with Iveco Group for Q1 2025 were $27 million, down from $38 million in Q1 2024[136]. - Purchases from Iveco Group in Q1 2025 totaled $147 million, compared to $211 million in Q1 2024[136]. - Related party net sales for Q1 2025 were $76 million, a decrease from $158 million in Q1 2024[138].