CNH Industrial(CNHI)

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CNH Industrial(CNHI) - 2025 Q1 - Quarterly Results
2025-05-01 10:52
Exhibit 99.1 CNH Industrial N.V. Reports First Quarter 2025 Results Updated guidance reflects macroeconomic uncertainty from the global trade environment First quarter consolidated revenues were $3.8 billion on lower industry demand First quarter diluted EPS at $0.10 Results reflect continued execution of cost saving initiatives partially offsetting market headwinds Please note that in this and in the following tables and commentary, prior periods have been revised to reflect an immaterial correction to the ...
CNH Industrial N.V. Reports First Quarter 2025 Results
GlobeNewswire· 2025-05-01 10:30
First quarter consolidated revenues were $3.8 billion on lower industry demand First quarter diluted EPS at $0.10 Results reflect continued execution of cost saving initiatives partially offsetting market headwinds Updated guidance reflects macroeconomic uncertainty from the global trade environment Basildon, UK - May 1, 2025 - CNH Industrial N.V. (NYSE: CNH) today reported results for the three months ended March 31, 2025, with net income of $132 million and diluted earnings per share of $0.10 compared wit ...
CNH announces Chief Financial Officer transition
GlobeNewswire· 2025-04-10 20:30
CNH announces Chief Financial Officer transition Basildon, April 10, 2025 CNH (NYSE: CNH) announces that Oddone Incisa, the Company’s current Chief Financial Officer (CFO), will step down and will be succeeded by James (Jim) Nickolas. Mr. Nickolas will be based at the Company’s North American headquarters in Oak Brook, Illinois, USA and will present the financial portion of the Company’s Strategic Business Plan at our Investor Day on May 8, 2025. Jim Nickolas has over 30 years of experience in corporate fin ...
CNH publishes 2025 Annual General Meeting agenda
GlobeNewswire· 2025-03-24 21:05
Basildon, March 24, 2025 CNH Industrial (NYSE: CNH) announced today that it has published its notice of the 2025 Annual General Meeting of Shareholders (“AGM”) and proxy statement. The AGM will be held on May 12, 2025, in Amsterdam, The Netherlands. The proceedings can also be followed via a live webcast on the Company's website (www.cnh.com). The Company’s AGM materials and instructions for voting and submitting questions in advance of the meeting, together with those on how to follow the AGM remotely are ...
How CNH’s precision technology is helping farmers tackle water scarcity
GlobeNewswire· 2025-03-24 11:00
Drops of the Future event in Vienna Gianluca Feligini, Tim Kraenzlein (OSCE) and Daniela Ropolo at the Drops of the Future event in Vienna, Austria. Case IH Magnum in Tashkent_Uzbekistan Tashkent workshop participants learning about the capabilities of the Case IH Magnum Tashkent Pilot Project Our team and representatives of xFarm setting up an xSense Pro weather station. The weather station communicates autonomously to the xFarm platform via cellular network with global coverage Drops of the F ...
CNH announces Global Leadership Team change
GlobeNewswire· 2025-02-28 21:30
CNH announces Global Leadership Team change Basildon, February 28, 2025 CNH (NYSE: CNH) today announces a key leadership transition in its Human Resources function. Effective May 1, 2025, Francesco Tutino will assume the role of Chief Human Resources Officer (CHRO), joining the Company’s Global Leadership Team (GLT). His future base will be at the Company’s North American headquarters in Oak Brook, Illinois, USA. Mr. Tutino will succeed our current CHRO Kelly Manley who after 20 years of dedicated service ...
CNH Industrial(CNHI) - 2024 Q4 - Annual Report
2025-02-28 20:56
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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 INDUSTRIAL N.V. (Exact name of registrant as specified in its charter) Netherlands 98-1125413 (State or other jurisdiction of incorpo ...
CNH ranks in top 5% of S&P Global’s 2025 Sustainability Yearbook
GlobeNewswire· 2025-02-13 15:00
S&P Global yearbook emblem S&P Global Yearbook emblem for top 5% companies CNH ranks in top 5% of S&P Global’s 2025 Sustainability Yearbook The Company was recognized by S&P Global as the second highest performer in its industry group. Basildon, February 13, 2025 CNH (NYSE: CNH) has once again ranked in the top 5% in S&P Global’s 2025 Sustainability Yearbook. This year’s S&P Global Corporate Sustainability Assessment reviewed submissions from over 7,600 companies across 62 industries. This latest resu ...
CNH Industrial(CNHI) - 2024 Q4 - Annual Results
2025-02-04 13:04
Financial Performance - Fourth quarter consolidated revenues decreased by 28% to $4.88 billion, and full year consolidated revenues declined by 20% to $19.84 billion[1][3][16] - Fourth quarter net income was $176 million, a 70% decrease from $583 million in Q4 2023; full year net income was $1,259 million, down 45% from $2,287 million in 2023[1][3][16] - Full year diluted EPS was $0.99, compared to $1.69 in 2023; adjusted diluted EPS was $1.05, down from $1.63 in the previous year[1][3][16] - Net income attributable to CNH Industrial N.V. for Q4 2024 was $173 million, a significant decrease from $582 million in Q4 2023, representing a decline of 70.3%[33] - Net income for the year ended December 31, 2024, was $1,259 million, a decrease of 44.8% compared to $2,287 million in 2023[42] - Total revenues for the year ended December 31, 2024, were $19,836 million, down 19.5% from $24,687 million in 2023[42] - Adjusted net income for the year ended December 31, 2024, was $1,339 million, compared to $2,217 million in 2023, reflecting a decline of approximately 39.5%[55] Segment Performance - Agriculture segment net sales fell by 31% to $3.41 billion in Q4 2024, with adjusted EBIT decreasing to $244 million from $635 million in Q4 2023[6][7][16] - Construction segment net sales decreased by 33% to $718 million in Q4 2024, with adjusted EBIT down to $18 million from $62 million in Q4 2023[8][9][16] - The Agriculture segment generated an adjusted EBIT of $1,470 million in 2024, down from $2,636 million in 2023, reflecting a decline of 44.0%[50] - The Construction segment's adjusted EBIT for 2024 was $169 million, a decrease of 29.0% from $238 million in 2023[50] Cash Flow and Liquidity - Cash and cash equivalents decreased to $3,191 million as of December 31, 2024, compared to $4,322 million at the end of 2023, a decline of 26.1%[35] - Cash flows from operating activities increased to $1,968 million in 2024, compared to $907 million in 2023, reflecting a significant improvement[37] - Free cash flow of Industrial Activities for the year ended December 31, 2024, was $1,216 million, a decrease from $1,630 million in 2023[53] - The company reported a net cash used in investing activities of $2,772 million in 2024, an improvement from $3,699 million in 2023[37] Assets and Liabilities - Total assets decreased to $42,933 million in 2024 from $46,267 million in 2023, reflecting a reduction of 7.9%[35] - Total liabilities also decreased to $35,165 million in 2024 from $38,117 million in 2023, a decline of 7.7%[35] - The company’s debt as of December 31, 2024, was $26,882 million, slightly down from $27,326 million in 2023[45] Restructuring and Expenses - The company incurred restructuring expenses of $24 million in Q4 2024, compared to $59 million in Q4 2023[33] - The company reported restructuring expenses of $118 million for the year ended December 31, 2024[55] - Research and development expenses for the year ended December 31, 2024, were $924 million, a decrease of 11.3% compared to $1,041 million in 2023[42] Future Outlook - The company forecasts a decline in global industry retail sales for both agriculture and construction equipment markets in 2025, with net sales expected to be lower than in 2024[17][18] - Agriculture segment net sales are projected to decrease between 13% and 18% year-over-year in 2025, while construction segment net sales are expected to decline between 5% and 10%[19] - Free Cash Flow of Industrial Activities is anticipated to be between $200 million and $500 million in 2025, with adjusted diluted EPS projected between $0.65 and $0.75[19] Revision and Adjustments - The company revised prior period results, resulting in a $96 million overstatement of equity in income of unconsolidated subsidiaries for 2023[56] - Net income attributable to CNH Industrial N.V. for the three months ended December 31, 2023, was revised to $582 million from $616 million, a decrease of $34 million[58] - Total assets as of December 31, 2023, were revised to $46,267 million, down from $46,351 million, reflecting a reduction of $84 million[58] - The company experienced a revision impact on net income totaling $96 million for FY 2023[61]
CNH Industrial N.V. Reports Fourth Quarter and Full Year 2024 Results
GlobeNewswire· 2025-02-04 11:30
Fourth quarter consolidated revenues declined 28%; full year consolidated revenues declined 20% on lower industry demand for Agriculture and Construction equipment Fourth quarter net income of $176 million; full year net income of $1,259 million Full year diluted EPS at $0.99; adjusted diluted EPS at $1.05 Results reflect channel destocking and continued execution of cost savings initiatives Basildon, UK - February 4, 2025 - CNH Industrial N.V. (NYSE: CNH) today reported results for the three months and twe ...