CNH Industrial N.V. designs, produces, markets, sells, and finances agricultural and construction equipment, trucks, commercial vehicles, buses, and specialty vehicles in North America, Europe, South America, and internationally. It operates through five segments: Agriculture, Construction, Commercial and Specialty Vehicles, Powertrain, and Financial. The Agriculture segment offers farm machinery and implements that include two-and four-wheel drive tractors, crawler tractors, combines, cotton pickers, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements, and material handling equipment under the New Holland Agriculture, Case IH, STEYR, Miller, Kongskilde, Ãverum, K-Line, and JF brands. The Construction segment offers excavators, crawler dozers, graders, wheel and backhoe loaders, and skid steer and compact track loaders under the CASE Construction and New Holland Construction brands. The Commercial and Specialty Vehicles segment provides light, medium, and heavy vehicles for the transportation and distribution of goods under the IVECO brand; commuter buses and city-buses under the IVECO BUS and Heuliez Bus brands; quarry and mining equipment under the IVECO ASTRA brand; firefighting vehicles under the Magirus brand; and vehicles for civil defense and peace-keeping missions under the Iveco Defence Vehicles brand. The Powertrain segment offers engines, transmission systems, and axles for on- and off-road applications, as well as for marine and power generation under the FPT Industrial brand. The Financial Services segment provides and administers retail financing to customers for the purchase or lease of new and used industrial equipment or vehicles, and other equipment; wholesale financing, which consists primarily of floor plan financing; and trade receivables factoring services. The company is based in London, the United Kingdom.
IPO Year: 2013
Exchange: NYSE
Website: cnhindustrial.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2024 | Buy → Neutral | BofA Securities | |
| 3/14/2024 | $18.00 | Buy | Truist |
| 1/23/2024 | $13.00 | Neutral | DA Davidson |
| 1/17/2024 | $19.00 | Neutral → Buy | Goldman |
| 1/8/2024 | Equal-Weight | Morgan Stanley | |
| 12/15/2023 | $13.00 | Equal Weight | Wells Fargo |
| 10/20/2023 | Outperform → Perform | Oppenheimer | |
| 9/19/2023 | $16.00 → $14.00 | Outperform → In-line | Evercore ISI |
| 9/5/2023 | $17.30 → $15.11 | Outperform → Mkt Perform | Bernstein |
| 1/27/2023 | $31.00 | Buy | Berenberg |
8-K - CNH Industrial N.V. (0001567094) (Filer)
144 - CNH Industrial N.V. (0001567094) (Subject)
144 - CNH Industrial N.V. (0001567094) (Subject)
144 - CNH Industrial N.V. (0001567094) (Subject)
144 - CNH Industrial N.V. (0001567094) (Subject)
10-Q - CNH Industrial N.V. (0001567094) (Filer)
8-K - CNH Industrial N.V. (0001567094) (Filer)
8-K - CNH Industrial N.V. (0001567094) (Filer)
8-K - CNH Industrial N.V. (0001567094) (Filer)
10-K/A - CNH Industrial N.V. (0001567094) (Filer)
BofA Securities downgraded CNH Industrial from Buy to Neutral
Truist initiated coverage of CNH Industrial with a rating of Buy and set a new price target of $18.00
DA Davidson initiated coverage of CNH Industrial with a rating of Neutral and set a new price target of $13.00
Goldman upgraded CNH Industrial from Neutral to Buy and set a new price target of $19.00
Morgan Stanley initiated coverage of CNH Industrial with a rating of Equal-Weight
Wells Fargo initiated coverage of CNH Industrial with a rating of Equal Weight and set a new price target of $13.00
Oppenheimer downgraded CNH Industrial from Outperform to Perform
Evercore ISI downgraded CNH Industrial from Outperform to In-line and set a new price target of $14.00 from $16.00 previously
Bernstein downgraded CNH Industrial from Outperform to Mkt Perform and set a new price target of $15.11 from $17.31 previously
Berenberg initiated coverage of CNH Industrial with a rating of Buy and set a new price target of $31.00
Third quarter consolidated revenue declined 22% on lower industry demand Third quarter diluted EPS at $0.24 Results reflect continued execution of cost savings initiatives partially offsetting the market headwinds Full year 2024 guidance lowered to reflect continued weak end markets and elevated channel inventory levels Basildon, UK - November 7, 2024 - CNH Industrial N.V. (NYSE: CNH) today reported results for the three months ended September 30, 2024, with net income of $310 million and diluted earnings per share of $0.24 compared with net income of $540 million and diluted earnings per share of $0.40 for the three months ended September 30, 2023(7). Conso
CNH to release 2024 Third Quarter financial results on November 8 Basildon, October 14, 2024 CNH (NYSE:CNH) will release its 2024 Third Quarter financial results on Friday, November 8, 2024. A live audio webcast of the financial results conference call will begin at 11:30 a.m. ET (4:30 p.m. GMT / 5:30 p.m. CET) on the same day. It will be accessible at the following address: bit.ly/CNH_Q3_2024 For those unable to participate in the live session, a replay will remain archived in the Investor Relations section of the corporate website (www.cnh.com) for two weeks following the conference call. CNH Industrial (NYSE:CNH) is a world-class equipment, technology and services company. Driven by
Second quarter consolidated revenue declined 16% on lower industry demand Second quarter diluted EPS at $0.34; adjusted diluted EPS at $0.38 ($0.52 in the second quarter of 2023) Results reflect continued execution of cost savings initiatives mitigating the impact of market headwinds Returned $1.2 billion to shareholders through dividends and share repurchases in the first half of 2024 Full-year guidance updated to reflect weaker market conditions Basildon, UK - July 31, 2024 - CNH Industrial N.V. (NYSE: CNH) today reported results for the three months ended June 30, 2024, with net income of $438 million and diluted earnings per share of $0.34 compared with net income of $710 milli
CNH to release 2024 Second Quarter financial results on July 31 Basildon, July 10, 2024 CNH (NYSE:CNH) will release its 2024 Second Quarter financial results on Wednesday, July 31, 2024. A live audio webcast of the financial results conference call will begin at 9:30 a.m. EDT (2:30 p.m. BST / 3:30 p.m. CEST) on the same day. It will be accessible at the following address: bit.ly/CNH_Q2_2024 For those unable to participate in the live session, a replay will remain archived in the Investor Relations section of the corporate website (www.cnh.com) for two weeks following the conference call. CNH Industrial (NYSE:CNH) is a world-class equipment, technology and services company. Driven by it
Derek Neilson, head of the Agricultural Segment at CNH, to step down Basildon, May 30, 2024 CNH Industrial N.V. (NYSE:CNH) announces that it has accepted Derek Neilson's request to leave the Company later this year to pursue a new entrepreneurial project outside of the sector, after 25 years of dedicated service. During his career with CNH Derek has held a range of leadership positions, making major contributions to manufacturing, the former commercial vehicles division, the EMEA region, also serving for a time as interim CEO. For the past six years he has overseen the transformation of CNH's agricultural business and its accompanying record performance. Derek has developed a strong
Basildon, May 3, 2024 CNH Industrial N.V. (NYSE:CNHI) today held its annual general meeting of shareholders. Shareholders re-appointed the Company's director nominees, including Suzanne Heywood and Scott W. Wine as executive directors1, and Elizabeth Bastoni, Howard W. Buffett, Richard J. Kramer, Karen Linehan, Alessandro Nasi, Vagn Sørensen and Åsa Tamsons as non-executive directors. Shareholders also approved a dividend of $0.47 per common share (equivalent to a total distribution of approximately $585 million), and the AGM approved the Company's Remuneration Policy. In other voting, shareholders appointed Deloitte Accountants B.V. as the independent auditor for the 2025 financial y
First quarter consolidated revenue declined 10% on lower industry demand First quarter diluted EPS at $0.31; adjusted diluted EPS at $0.33 ($0.35 in the first quarter of 2023) First quarter Agriculture segment adjusted EBIT margin down 200 bps year-over-year to 12.5%; Construction up 150 bps to 6.7% Cost reduction programs on track, helping to mitigate impact of slowing markets Full-year guidance updated to reflect lower agriculture industry projections Basildon, UK - May 2, 2024 - CNH Industrial N.V. (NYSE:CNHI) today reported results for the three months ended March 31, 2024, with net income of $402 million and diluted earnings per share of $0.31 compared with net income of $486
CNH NAMES GERRIT MARX AS CEO Mr. Marx returns to CNH from Iveco Group, succeeding Scott W. Wine who has decided to leave the Company having successfully overseen the delivery of the 2021 Business Plan Basildon, April 21, 2024 CNH Industrial N.V. (NYSE:CNHI) announces the appointment of Gerrit Marx to the role of CEO effective July 1, 2024. He succeeds Scott Wine, whose request to leave the Company at the end of the current three-year business plan cycle to pursue other interests, has been accepted by the Board. Mr. Marx rejoins CNH from Iveco Group where as CEO he has led that company's drive into a new era of connectivity, integrating the latest digital and data technologies with Iveco'
CNH to release 2024 First Quarter financial results on May 2 Basildon, April 18, 2024 CNH (NYSE:CNHI) will release its 2024 First Quarter financial results on Thursday, May 2, 2024. A live audio webcast of the financial results conference call will begin at 9:00 a.m. EDT (2:00 p.m. BST / 3:00 p.m. CEST) on the same day. It will be accessible at the following address: bit.ly/CNH_Q1_2024 For those unable to participate in the live session, a replay will remain archived in the Investor Relations section of the corporate website (www.cnh.com) for two weeks following the conference call. CNH Industrial (NYSE:CNHI) is a world-class equipment and services company. Driven by its purpose of Bre
CNH publishes 2024 Annual General Meeting agenda Basildon, March 19, 2024 CNH Industrial (NYSE:CNHI) announced today that it has published its notice of the 2024 Annual General Meeting of Shareholders ("AGM") and proxy statement. The AGM will be held on May 3, 2024, 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 available on the Company's website at www.cnh.com, where they can be viewed and downloaded. Shareholders may request a hard copy of the
London, June 1, 2023 CNH Industrial N.V. (NYSE:CNHI) today announces the appointment of Friedrich Eichler as Chief Technology Officer (CTO). He will preside over our R&D community with direct responsibility for Technology, Innovation, Quality, Design and their related divisions Friedrich will provide functional governance for the Agriculture and Construction segments' Product Development – coordinating closely with Segment Presidents Derek Neilson (Agriculture) and Stefano Pampalone (Construction). He will also work hand-in-hand with Marc Kermisch, our Chief Digital & Information Officer, to seamlessly integrate our precision, digital and autonomy solutions across our equipment portfolios.
London, November 30, 2022 CNH Industrial N.V. (NYSE:CNHI) today announces the appointment of Richard Miller as Senior Vice President of Internal Audit. Richard takes over from Carlo De Bernardi who has elected to retire following 38 years of dedicated service. With this appointment, Richard will join the Company's Senior Leadership Team (SLT). Richard Miller first joined CNH Industrial in 1990. He has since assumed roles of increasing responsibility in Internal Audit, most recently as Head of Internal Audit for the North America region. "I want to thank Carlo for leading our Internal Audit function with excellence and impeccable character," said Scott W. Wine, Chief Executive Officer, CN
London, November 16, 2022 CNH Industrial N.V. (NYSE:CNHI) today announces the appointment of Vilmar Fistarol as President, North America and Rafael Miotto as President, Latin America. Vilmar Fistarol will lead the North America region as of late January 2023, following over a decade as President, Latin America, during which time he has continually grown CNH Industrial's brands' sales in the region to market leading positions. Vilmar has served CNH Industrial and its predecessor companies for over 31 years in numerous leadership positions. He replaces Brad Crews, whose upcoming transition to a new role in the Agriculture Segment was announced in September 2022. Rafael Miotto will assume re
CHICAGO, March 15, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (NASDAQ:FSRD), a cloud manufacturing company, today announced it has named Erin Stone as General Counsel and Corporate Secretary, and James Erkenswick as Chief Accounting Officer. These leadership additions mark important milestones for Fast Radius' evolution as a publicly traded company. In her capacity as General Counsel and Corporate Secretary, Stone will serve as an important strategic and legal advisor to Fast Radius's board of directors and management and will oversee all legal and compliance matters for the company. In his role as Chief Accounting Officer, Erkenswick will have leadership over the preparation of all financ
London, March 1, 2022 CNH Industrial (NYSE:CNHI) announced today that it has filed its 2021 Annual Report on Form 20-F (prepared in accordance with U.S. GAAP) with the United States Securities and Exchange Commission and it has published its 2021 EU Annual Report (including the consolidated financial statements prepared in accordance with EU-IFRS and the separate financial statements of CNH Industrial N.V.). The 2021 Annual Report on Form 20-F and the 2021 EU Annual Report are available in the Investor Relations section of the CNH Industrial corporate website at www.cnhindustrial.com. Both documents can be viewed online or downloaded in PDF format. Shareholders may also request a hard copy
VANCOUVER, BC, Aug. 5, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ:BLDP) (TSX:BLDP) today announced that, effective August 5, 2021, the Company has appointed Mr. Hubertus Muehlhaeuser to the Company's Board of Directors. Mr. Jim Roche, Chairman of Ballard's Board of Directors said, "We continue to ensure a strong matrix of diverse and complementary skills and experiences on our Board. Hubertus brings a strong background in industrial manufacturing, including commercial vehicles, construction machinery, agricultural machinery, and powertrain technologies. His distinguis
London, July 1, 2021 CNH Industrial N.V. (NYSE:CNHI) today announced that it has appointed Scott Moran as Chief CNH Industrial Business System Officer and Kelly Tolbert as Chief Diversity & Inclusion, Sustainability and Transformation Officer. In these positions, Mr. Moran and Ms. Tolbert will join the Company's Senior Leadership Team (SLT), an operational decision-making body of CNH Industrial. These executive appointments form part of CNH Industrial's revitalized emphasis on customer centricity and further reinforce the Company's commitment to Diversity & Inclusion and Sustainability. "I am delighted to welcome Kelly and Scott, whose extensive professional experience will be invaluable
London, July 1, 2021 CNH Industrial N.V. (NYSE:CNHI) today announced that it has appointed Scott Moran as Chief CNH Industrial Business System Officer and Kelly Tolbert as Chief Diversity & Inclusion, Sustainability and Transformation Officer. In these positions, Mr. Moran and Ms. Tolbert will join the Company's Senior Leadership Team (SLT), an operational decision-making body of CNH Industrial. These executive appointments form part of CNH Industrial's revitalized emphasis on customer centricity and further reinforce the Company's commitment to Diversity & Inclusion and Sustainability. "I am delighted to welcome Kelly and Scott, whose extensive professional experience will be invaluable
London, April 26, 2021 CNH Industrial N.V. (NYSE:CNHI) today announced that it has appointed Parag Garg as Chief Digital Officer and Marc Kermisch as Chief Information Officer for Off Highway business. This follows the appointment of Kevin Barr as Chief Human Resources Officer on March 19, 2021. In these positions, Mr. Garg, Mr. Kermisch and Mr. Barr will join the Company's Senior Leadership Team (SLT), an operational decision-making body of CNH Industrial, which is responsible for reviewing the operating performance of the segments and making decisions on certain operational matters. These executive appointments form part of CNH Industrial's renewed focus on customer centricity and serve
Truist Securities analyst Jamie Cook maintains CNH Industrial (NYSE:CNHI) with a Buy and lowers the price target from $18 to $17.
JP Morgan analyst Tami Zakaria maintains CNH Industrial (NYSE:CNHI) with a Neutral and lowers the price target from $14.5 to $14.
CNH Industrial N.V. (NYSE:CNHI) shares are trading higher after it reported first-quarter FY24 results. Revenue declined 10% Y/Y (both reported and CC) to $4.82 billion, beating the consensus of $4.37 billion. Net sales of Industrial Activities were $4.13 billion, down 14% Y/Y, due to lower industry demand and dealer inventory management. Agriculture net sales declined 14% Y/Y to $3.37 billion on lower industry volume across all regions and dealer inventory management. Construction net sales fell 11% Y/Y to $758 million owing to lower volume across all regions due to weak market demand. The gross profit margin for Industrial Activities was 22.7%, down from 24.4% a year ago, m
Agriculture segment net sales down between 11% and 15% year-over-year including currency translation effects (from down 8% to 12% previously). Agriculture segment adjusted EBIT margin between 13.5% and 14.5% (from between 14.0% and 15.0% previously). Construction segment net sales down between 7% and 11% year-over-year including currency translation effects (unchanged). Construction segment adjusted EBIT margin between 5.0% and 6.0% (unchanged).
CNH Industrial (NYSE:CNHI) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.27 by 22.22 percent. This is a 5.71 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $4.818 billion which beat the analyst consensus estimate of $4.372 billion by 10.19 percent. This is a 9.81 percent decrease over sales of $5.342 billion the same period last year.
CNH Industrial (NYSE:CNHI) announces that the Company's common shares listed on the New York Stock Exchange (NYSE) will begin trading under the symbol "CNH" effective Monday, May 20, 2024.This will replace the Company's current ticker symbol, "CNHI", marking a return to both our original ticker symbol "CNH" – used until 2013 – and our identity as a leading pureplay provider of equipment, technology and services for agriculture and construction. CNH Industrial N.V. will remain the name of the legal entity.The ticker symbol for the Company's 3.850% Notes due 2027 will also change from "CNHI 27" to "CNH 27" at the same time.No action is required by the Company's shareholders or bondholders with
Pairing expect to be the first in market with service to remote farmsIntelsat, operator of one of the world's largest integrated satellite and terrestrial networks, and CNH (NYSE:CNHI), whose brands include Case IH, New Holland and Steyr, agreed to install, connect and operate ruggedized multi-orbit satellite terminals on CNH farm equipment operating in remote farmland throughout Brazil with Intelsat's global network."As the first satellite communications company to provide multi-orbit connectivity to farmers around the world, Intelsat's collaboration with CNH will unlock new capabilities in the most remote locations through our global communications platform," said Dave Wajsgras, CEO of Int
SC 13G/A - CNH Industrial N.V. (0001567094) (Subject)
SC 13G - CNH Industrial N.V. (0001567094) (Subject)
SC 13G/A - CNH Industrial N.V. (0001567094) (Subject)
SC 13G/A - CNH Industrial N.V. (0001567094) (Subject)
SC 13G/A - CNH Industrial N.V. (0001567094) (Subject)
SC 13G/A - CNH Industrial N.V. (0001567094) (Subject)
CNH releases its ninth edition of A Sustainable YearBasildon, November 20, 2024This edition charts our continued progress in sustainably advancing agriculture and construction. Now available online at: https://publications.cnhindustrial.com/a-sustainable-year-2023/In its ninth installment, CNH's A Sustainable Year series returns to demonstrate our commitment to a sustainable future. This digital magazine features innovation, product and other developments from last year. Read about our journey to meeting our goals alongside key priorities.The magazine spotlights our progress and positive impact – from evolving products including the launch of the CASE electric compact wheel loader in Lecce,
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 give Danish landscaping and construction students the skills they will need on future construction sites. Denmark has had legally binding targets to reduce carbon emissions since 2020. Th
Third quarter consolidated revenue declined 22% on lower industry demand Third quarter diluted EPS at $0.24 Results reflect continued execution of cost savings initiatives partially offsetting the market headwinds Full year 2024 guidance lowered to reflect continued weak end markets and elevated channel inventory levels Basildon, UK - November 7, 2024 - CNH Industrial N.V. (NYSE: CNH) today reported results for the three months ended September 30, 2024, with net income of $310 million and diluted earnings per share of $0.24 compared with net income of $540 million and diluted earnings per share of $0.40 for the three months ended September 30, 2023(7). Conso
CNH brands Case IH and STEYR win EIMA 2025 Tractor of the Year awards Basildon, November 6, 2024 Tractors from our iconic agriculture brands Case IH and STEYR have been honored with 2025 EIMA Tractor of the Year awards. This contest is a prestigious fixture for exhibitors at the International Exhibition of Agricultural and Gardening Machinery (EIMA) held in Bologna, Italy. The jury is formed of a panel of farm machinery journalists from across Europe. "It's a great honor for our Case IH and STEYR brands to be recognized with these awards. At CNH we are focused on bringing our customers cutting-edge products that boost their productivity and deliver greater profitability. These awards are
CNH enhances workplace safety with ergonomic technology Visit CNH.com for the full story and gallery Basildon, October 17, 2024 Innovation at CNH goes beyond the products from our iconic brands. We continue to invest in cutting-edge solutions across our company that improve the quality of how we work and what we make. These include technologies that enhance workplace safety, efficiency, and productivity at all our global sites. We continue to prioritize operator safety. One of the ways we are doing so is by running trials across manufacturing sites to assess operator wellbeing. We have successfully trialed ergonomic analysis technology, which helps reduce the risk of skeletal and muscul
CNH to release 2024 Third Quarter financial results on November 8 Basildon, October 14, 2024 CNH (NYSE:CNH) will release its 2024 Third Quarter financial results on Friday, November 8, 2024. A live audio webcast of the financial results conference call will begin at 11:30 a.m. ET (4:30 p.m. GMT / 5:30 p.m. CET) on the same day. It will be accessible at the following address: bit.ly/CNH_Q3_2024 For those unable to participate in the live session, a replay will remain archived in the Investor Relations section of the corporate website (www.cnh.com) for two weeks following the conference call. CNH Industrial (NYSE:CNH) is a world-class equipment, technology and services company. Driven by
How crop analysis supports sustainability: ‘A Sustainable Year' story from CNH Basildon, October 10, 2024 CNH is committed to sustainably advancing the noble work of farmers, everywhere. In the fifth installment of our ‘A Sustainable Year' series we look at how real time crop analysis supports sustainability and the technology that uses this data to boost efficiency, reduce waste and increase profit. Our 2023 acquisition of the machine vision company Augmenta has enabled us to offer sense and act application technology to our customers. It lets them manage their crops more effectively without needing to sort through complex data to decide how much of an input (i.e., fertilizer) to apply i
Basildon, October 8, 2024 CNH Industrial N.V. (NYSE:CNH) today announced that its indirect wholly owned subsidiary, CNH Industrial Capital Canada Ltd., has priced Cdn$300 million in aggregate principal amount of 4.00% notes due April 11, 2028, with an issue price of 99.964%. The notes are being offered on a private placement basis to certain accredited investors in each of the provinces of Canada, which offering is expected to close on October 10, 2024, subject to the satisfaction of customary closing conditions. CNH Industrial Capital Canada Ltd. intends to add the net proceeds from the offering to its general funds and use them for working capital and other general corporate purposes
Basildon, October 7, 2024 CNH Industrial N.V. (NYSE:T) today announced that its wholly owned subsidiary, CNH Industrial Capital LLC, has priced $500 million in aggregate principal amount of 4.500% notes due 2027, with an issue price of 99.809%. The offering is expected to close on October 9, 2024, subject to the satisfaction of customary closing conditions. CNH Industrial Capital LLC intends to add the net proceeds from the offering to its general funds and use them for working capital and other general corporate purposes, including, among other things, the purchase of receivables or other assets in the ordinary course of business. The net proceeds may also be applied to repay CNH
CNH brands recognized with EIMA Innovation Awards Basildon, October 4, 2024 Products from our iconic agriculture brands, Case IH and New Holland, have been honored with 2024 EIMA International Technical Innovation Awards. This innovation contest has been a key fixture for exhibitors at the International Exhibition of Agricultural and Gardening Machinery (EIMA) since 1986. The awards ceremony was held on October 3 in Bologna, Italy. The 2024 EIMA Exhibition will take place from November 6 to November 10 in Bologna Italy. "It's a great honor for our Case IH and New Holland brands to be recognized with these awards. At CNH we are continuously striving to seamlessly integrate innovative techn