Core Insights - CNH has appointed Carlo Materazzo as Chief Manufacturing Officer and Britton Worthen as Chief Legal and Compliance Officer, effective January 1, 2026, to enhance its Global Leadership Team and support operational excellence, innovation, and governance [1][4] Group 1: Appointments - Carlo Materazzo will oversee global agriculture industrial operations across five regions and 15 countries, bringing over 20 years of international experience in manufacturing, operations, and logistics [2] - Britton Worthen joins CNH with extensive experience in legal strategy, compliance, and corporate governance, advising on key legal issues and serving as Board Secretary [3] Group 2: Company Vision and Strategy - CNH emphasizes its commitment to strengthening its leadership team with world-class talent, aiming to advance strategic priorities through the expertise of new appointees [4] - The company operates under the purpose of "Breaking New Ground," focusing on innovation, sustainability, and productivity across its global and regional brands [4][5] Group 3: Company Overview - CNH is a global leader in equipment, technology, and services, with a diverse workforce of over 35,000 employees dedicated to empowering customers and driving efficiency [5]

Core Viewpoint - CNH Industrial Finance Europe S.A. is redeeming all outstanding 1.875% notes due January 19, 2026, on December 29, 2025, at their principal amount plus accrued interest [1][2]. Company Overview - CNH Industrial (NYSE: CNH) is a leading global equipment, technology, and services company focused on innovation, sustainability, and productivity [3]. - The company provides strategic direction, R&D capabilities, and investments to support its global and regional brands, including Case IH, New Holland, CASE, and New Holland Construction Equipment [3]. - CNH's regional brands include STEYR, Raven, Hemisphere, Flexi-Coil, Miller, and Eurocomach, which specialize in various agricultural and construction technologies [3]. Historical Context - With a history of over two centuries, CNH has been a pioneer in its sectors, continuously innovating to enhance customer efficiency and success [4]. - The company employs over 35,000 individuals in a diverse and inclusive workplace, dedicated to empowering customers to build a better world [4].

Core Viewpoint - CNH Industrial N.V. has successfully priced an offering of €500,000,000 in principal amount of 3.625% notes due January 26, 2033, with an issue price of 98.984% of the principal amount [1][2]. Group 1: Offering Details - The closing of the offering is expected on November 26, 2025, and the notes will be issued under CNH's Euro Medium Term Note Programme [2]. - The net proceeds from the offering will be used for general corporate purposes, including the repayment of existing debt [2]. - Application will be made for the notes to be admitted to trading on the Global Exchange Market of Euronext Dublin [2]. Group 2: Regulatory and Distribution Information - The notes will be offered and sold only outside the United States to institutional investors that are not "U.S. persons" and will not be registered under the U.S. Securities Act [4]. - The offering has not been registered with the Commissione Nazionale per le Societá e la Borsa (CONSOB) under Italian securities legislation, and thus, may only be offered to qualified investors [6]. - This press release is directed only to persons outside the United Kingdom and those with professional experience in investment matters [7]. Group 3: Company Overview - CNH Industrial is a global leader in equipment, technology, and services, focusing on innovation, sustainability, and productivity [11]. - The company provides a wide range of agricultural and construction products through its brands, including Case IH, New Holland, and Raven [11]. - CNH has a history of over two centuries in pioneering its sectors and continues to innovate for customer efficiency and success [12].

Core Insights - CNH Industrial emphasizes its commitment to sustainability through the release of "A Sustainable Year" magazine, which highlights advancements in agriculture and construction [1][4] - The publication showcases innovations such as Case IH's SenseApply™ technology, which optimizes the application of agricultural inputs in real-time [2] - The magazine also features initiatives in India aimed at mentoring and training the next generation of employees, along with insights from external experts on the role of artificial intelligence in innovation [3] Company Overview - CNH Industrial is a leading global equipment, technology, and services company focused on innovation, sustainability, and productivity [4][5] - The company operates under various brands, including Case IH, New Holland, and Raven, providing a comprehensive range of agricultural and construction products [4] - With over 35,000 employees, CNH fosters a diverse and inclusive workplace dedicated to empowering customers and driving efficiency [5]

Core Insights - CNH Industrial's brands, Case IH and New Holland, have been recognized for their excellence at the 2026 Farm Machine of the Year awards, held during Agritechnica in Hanover, Germany [10][19]. Awards and Recognitions - Case IH's Optum 440 won the 'Premium Tractor' category, featuring a powerful 8.7-liter engine and advanced technology for improved efficiency [11][22]. - New Holland's CX 8.90 PLMi received the award in the "Combine Harvester" category, equipped with advanced connectivity and real-time data transfer capabilities [12][22]. - The New Holland W170D Forage Power won in the "Material Handling" category, designed specifically for agricultural tasks with a 255 horsepower engine [13][22]. - New Holland's ForageCam™ was awarded in the "Smart Farming & Robotics" category, utilizing AI and camera sensors for enhanced livestock feed processing [14][15][22]. Company Strategy and Innovation - CNH's CEO, Gerrit Marx, emphasized the company's commitment to investing in crop cycle innovations that enhance customer efficiency, profitability, and sustainability [11][19]. - The awards highlight CNH's focus on integrating advanced technology and digital platforms, such as the Case IH FieldOps™ and New Holland's IntelliField™, to improve operational efficiency for farmers [12][14].

Core Insights - New Holland's T4.120F Auto Command has won the 'Best Specialized' award at the 2026 Tractor of the Year awards, highlighting the brand's commitment to excellence in agricultural machinery [1][2]. Group 1: Award Recognition - The T4.120F Auto Command received top honors in the Specialized category at the prestigious 2026 Tractor of the Year awards held at Agritechnica in Hanover, Germany [1][2]. - The TOTY jury consists of leading farm machinery journalists from across Europe, emphasizing the award's credibility and significance in the industry [2]. Group 2: Product Features - The T4.120F model features the Auto Command™ Continuously Variable Transmission (CVT) with a 50-kph ECO mode, marking a first in the specialty tractor segment [3]. - The design of the T4.120F focuses on operator comfort and ease of use, making it particularly suitable for narrow tractors operating in vineyards and fruit farms [3]. Group 3: Company Overview - CNH Industrial is a global leader in equipment, technology, and services, with a focus on innovation, sustainability, and productivity [4]. - The company operates various brands, including Case IH and New Holland, providing comprehensive agricultural applications and construction products [4].

Core Insights - CNH introduces the FLEETPRO aftermarket line-up at Agritechnica 2025, focusing on enhancing customer support for agricultural equipment [1][13] Group 1: FLEETPRO Product Offerings - The FLEETPRO line includes certified spare parts and consumables aimed at post-warranty and legacy agricultural machinery, providing dependable performance and tailored dealer support at competitive prices [2] - FLEETPRO will also feature Precision Farming kits, available initially in the EMEA region, in partnership with CHC Navigation, offering guidance kits compatible with all brands and models [3] - The product portfolio includes advanced scalability options through CNH's Raven portfolio, which integrates seamlessly with the FieldOps™ digital platform for optimized machine performance [4] Group 2: Company Overview - CNH Industrial is a global leader in equipment, technology, and services, focusing on innovation, sustainability, and productivity across its brands, including Case IH, New Holland, and STEYR [5] - The company has a rich history of over two centuries in pioneering its sectors, with a workforce of over 35,000 employees dedicated to empowering customers [6]

Financial Performance - Total revenues for the three months ended September 30, 2025, were $4,399 million, a decrease of 5.5% compared to $4,654 million in the same period of 2024[11]. - Net sales for the nine months ended September 30, 2025, were $10,895 million, down 15.8% from $12,931 million in the same period of 2024[11]. - Net income attributable to CNH Industrial N.V. for the three months ended September 30, 2025, was $80 million, a decrease of 73.6% from $306 million in the same period of 2024[11]. - The company reported a comprehensive income attributable to CNH Industrial N.V. of $428 million for the nine months ended September 30, 2025, down from $878 million in the same period of 2024[14]. - The company reported a net income of $416 million for the nine months ended September 30, 2025, compared to $1,083 million for the same period in 2024, indicating a decline[57][58]. - The net income for the three months ended September 30, 2025, was $67 million, compared to $310 million for the same period in 2024, indicating a significant decrease[55][56]. Cash and Liquidity - Cash and cash equivalents at the end of the period were $2,303 million, compared to $1,801 million at the end of the previous year[17]. - Cash flows from operating activities for the nine months ended September 30, 2025, were $1,593 million, significantly higher than $276 million in the same period of 2024[17]. - The company reported a net cash used in investing activities of $1,088 million in 2025, an improvement from $1,777 million in 2024, reflecting a decrease of 38.8%[17]. - The total cash, cash equivalents, and restricted cash at the end of the period was $2,956 million in 2025, compared to $2,450 million in 2024, an increase of 20.7%[17]. Assets and Liabilities - Total assets increased to $43,258 million as of September 30, 2025, from $42,933 million at December 31, 2024[9]. - Total liabilities rose to $35,421 million as of September 30, 2025, compared to $35,165 million at December 31, 2024[9]. - The company’s debt stood at $27,128 million as of September 30, 2025, an increase from $26,882 million at December 31, 2024[9]. - The total past due receivables in North America for 2025 were $3,462 million, reflecting an increase from $2,973 million in 2024[77]. Research and Development - Research and development expenses for the three months ended September 30, 2025, were $281 million, an increase of 27.2% from $221 million in the same period of 2024[11]. - Research and development expenses for the Agriculture segment were $205 million in Q3 2025, compared to $199 million in Q3 2024, showing a slight increase[55][56]. Dividends and Retained Earnings - The company declared cash dividends of $0.250 per common share for the nine months ended September 30, 2025, compared to $0.470 in the same period of 2024[11]. - The company paid dividends totaling $313 million during the period, which is a decrease compared to the previous period[19]. - The total retained earnings increased to $10,420 million, reflecting a growth from $10,340 million[19]. Segment Performance - Total revenues for the Agriculture segment were $2,963 million, while the Construction segment reported revenues of $739 million for the three months ended September 30, 2025[55]. - Net sales for the Agriculture segment decreased from $3,310 million in Q3 2024 to $2,963 million in Q3 2025, representing a decline of approximately 10.5%[55][56]. - Total revenues for Financial Services increased from $659 million in Q3 2024 to $684 million in Q3 2025, reflecting a growth of about 3.8%[55][56]. Tax and Compliance - The effective tax rate for the three months ended September 30, 2025, was 2.0%, a significant decrease from 20.8% in 2024[43]. - The company concluded its cooperation with the SEC's inquiry regarding revenue recognition and sales practices, with no enforcement action recommended[111]. Inventory and Financing - Total inventory as of September 30, 2025, was $5,353 million, an increase from $4,776 million as of December 31, 2024[63]. - Financing receivables totaled $23,001 million as of September 30, 2025, slightly down from $23,085 million as of December 31, 2024[64]. Derivatives and Fair Value - The total notional amount of CNH's foreign exchange derivatives was $4.3 billion as of September 30, 2025, compared to $4.2 billion at December 31, 2024[122]. - The fair value of CNH's derivative assets was $134 million as of September 30, 2025, down from $147 million at December 31, 2024[132]. Other Comprehensive Income - Other comprehensive income (loss) for the nine months ended September 30, 2025, was $(2,709) million, compared to $(2,712) million for the same period in 2024, indicating a slight improvement[19]. - The total other comprehensive income (loss) for the nine months ended September 30, 2025, was $(24) million, compared to $(191) million for the same period in 2024, showing an improvement in comprehensive income[139].

Financial Performance - Consolidated revenues decreased by 5% year-over-year to $4.4 billion[11] - Industrial Activities net sales decreased by 7% year-over-year to $3.7 billion[11] - Industrial Activities adjusted EBIT decreased by 69% year-over-year to $104 million[11] - Net income decreased by 78% year-over-year to $67 million[11] - Adjusted diluted EPS decreased by $0.16 to $0.08[11] Segment Results - Agriculture net sales decreased by 10% year-over-year to $2.963 billion[28] - Agriculture adjusted EBIT decreased by $200 million to $136 million[28] - Construction net sales increased by 8% year-over-year to $739 million[30] - Construction adjusted EBIT decreased by $26 million to $14 million[31] - Financial Services Q3 retail originations decreased by $0.2 billion year-over-year to $2.7 billion[34] - Financial Services managed portfolio decreased by $0.5 billion year-over-year to $28.5 billion[34] Outlook - Agriculture industry retail demand forecast is expected to decrease by 13%-11% year-over-year[39] - Agriculture net sales are expected to be $14.0 billion[39] - Construction industry retail demand forecast is expected to decrease by 5%-3% year-over-year[41] - Construction net sales are expected to be $3.1 billion[41]

Core Insights - CNH Industrial reported third quarter consolidated revenues of $4.4 billion, a decrease of 5% compared to Q3 2024, driven by decreased industry demand and ongoing channel destocking [1][4] - The company’s net income for the quarter was $67 million, down 78% from $310 million in the same period last year, with diluted earnings per share (EPS) falling to $0.06 from $0.24 [1][4] - Despite the challenging market conditions, CNH is focused on cost management and operational excellence, while also increasing net sales guidance but lowering profit guidance due to tariff headwinds and an unfavorable geographic sales mix [1][2] Financial Performance - Consolidated revenues for Q3 2025 were $4.4 billion, down from $4.65 billion in Q3 2024 [4] - Net sales from Industrial Activities were $3.7 billion, a decrease of 7% year-over-year [4] - Adjusted EBIT for Industrial Activities fell to $104 million, down 69% from $336 million in Q3 2024, with an adjusted EBIT margin of 2.8% compared to 8.4% in the previous year [4][5] - The gross profit margin for Industrial Activities decreased to 19.1%, down 260 basis points from 21.7% in Q3 2024 [4] Segment Performance Agriculture - Agriculture net sales decreased by 10% to $2.96 billion, primarily due to lower shipment volumes and decreased industry demand in North America [7][8] - Adjusted EBIT for the Agriculture segment dropped to $137 million, down 59% from $336 million in Q3 2024, with an adjusted EBIT margin of 4.6% [9] Construction - Construction net sales increased by 8% to $739 million, reflecting higher shipment volumes in North America and EMEA [10][11] - Adjusted EBIT for the Construction segment decreased to $14 million, down 65% from $40 million in Q3 2024, with an adjusted EBIT margin of 1.9% [11] Financial Services - Financial Services revenues increased by 4% to $684 million, driven by higher yields in Brazil [12] - Net income for Financial Services was $47 million, a decrease of 40% compared to Q3 2024, primarily due to increased risk costs and lower volumes [13] Outlook - The company updated its 2025 outlook, projecting Agriculture segment net sales to decline between 11% and 13% year-over-year, and Construction segment net sales to decrease between 3% and 5% [17] - Adjusted diluted EPS is expected to be between $0.44 and $0.50 [18] - CNH is focusing on reducing operating costs and managing SG&A and R&D expenses to mitigate margin erosion [15][16]