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)
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)
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 strengthens Global Leadership Team to deliver key priorities efficiently. Investor Day in early 2025.Basildon, July 29, 2024 CNH (NYSE:CNH) announces its new Global Leadership Team (GLT), which is empowered to carry out faster and more effective delivery of its strategic priorities for profitable long-term growth globally in the Agriculture segment. The Construction segment will operate as a distinct business unit inside CNH with increased autonomy. The new GLT is organized in a simplified matrix and comprises industry-leading experts and practitioners from within CNH. Their intimate in-house and industry knowledge coupled with their significant experience will support the C
CNH and Oxfam partner on key social projects in Tunisia and South Africa This collaboration will support training and development in local communities. Turin, July 25, 2024 CNH announces a new collaboration with Oxfam to support two social projects in Africa: The Sumud Project in Tunisia is focused on micro, small, and medium sized farms.The Social Factory Initiative in South Africa is dedicated to creating a new model for plastic recycling and social inclusion. Both projects are aligned with the United Nations Sustainable Development Goals, specifically SDGs 8 - Decent work and economic growth, 10 - Reducing inequalities, 12 - Responsible consumption and production, and 13 - Climate a
CNH's ‘A Sustainable Year' series spotlights education projects in Brazil Basildon, July 23, 2024 In the fourth installment of CNH's 2024 ‘A Sustainable Year' series learn more about how we are raising environmental awareness across Brazil. Creating long-term sustainability starts by both enthusing and informing children and young people – the future custodians of the planet – on the topic. As such, CNH Brazil supports a range of extra-curricular cultural activities at rural schools, and these focus on environmental education, diversity and inclusion, robotics, entrepreneurship, sport, and advocacy for human rights. Last year, our brands Case IH and CASE Construction Equipment together
CNH expands capabilities at India Technology Center Basildon, July 16, 2024 CNH continues to sustainably advance the noble work of farmers and builders everywhere, investing in innovative technology to boost our customers' productivity and profitability. The India Technology Center (ITC) in Gurugram, Northern India is one such example. The latest addition is a first-of-its-kind Multi-Vehicle Simulator (MVS). The MVS enables the team to virtually test and evaluate products before physical prototypes are built. It brings a range of benefits including product validation and employee training. Another significant advantage is delivering greater product quality
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
CNH's ‘A Sustainable Year' series spotlights sustainable production in Lecce Basildon, July 8, 2024 In the third installment of CNH's ‘A Sustainable Year' series learn more about how our first electric compact wheel loader started production this month at our Lecce plant in Italy. The article explains how we redesigned every aspect of this new 3.7-ton machine, and how investment in more sustainable manufacturing processes is transforming operations at the plant. Lecce is home to CNH's largest photovoltaic power installation to date. This comprises 7,300 solar panels, with a peak power of 3.3 Megawatts (MW) at any one time, reducing CO2 emissions by more than 1,200 tons per year – th
CNH and its brands support World Environment Day Basildon, June 5, 2024 CNH sustainably advances the noble work of farmers and builders everywhere. This World Environment Day, the UN's themes are land degradation, desertification and drought. All three issues impact us all and are of fundamental importance to our customers' livelihoods. Under the banner of the UN's #GenerationRestoration promotion for World Environment Day we are showcasing just some of the ways we and our partners make a difference. Our video series spotlights the various approaches by which we are addressing these issues, including projects from, no till planting in Brazil to developing more electric-powered constr
CNH announces pricing of its offering of Euro 750,000,000 3.75% notes due June 2031 Basildon, June 4, 2024 CNH Industrial N.V. (NYSE:CNH) ("CNH") today announces the successful pricing of its offering of Euro 750,000,000 in principal amount of 3.75% notes due June 11, 2031 (the "Notes") with an issue price of 99.168 % of the principal amount. The closing of the offering is currently expected on June 11, 2024. The notes will be issued by CNH under its Euro Medium Term Note Programme. CNH intends to use the net proceeds from the offering for its general corporate purposes including repayment of existing debt. Application will be made for the Notes to be admitted to trading on the Global Ex
CNH's ‘A Sustainable Year' series spotlights women in the workforce Basildon, June 3, 2024 CNH demonstrates its commitment to diversity and inclusion with the second story in its ‘A Sustainable Year' series, titled ‘Training women for the workforce'. The article highlights CNH India's first female apprentices on the shop floor at its Greater Noida agricultural manufacturing plant. "The future for CNH is the inclusion of women at all levels and right now everybody is working toward that," says Bharti Bist, Diversity & Inclusion Head for Asia Pacific at CNH. The article goes on to explore themes around bringing more women into production roles, overcoming cultural
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
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
CNH takes minority investment in drone imaging AI company Bem Agro Basildon, February 20, 2024 CNH continues to strengthen its tech stack with Ag Tech solutions that make farming easier, more efficient, and more sustainable for our customers. To further our offering in this field, our investment arm CNH Ventures has taken a minority stake in Bem Agro – a Brazilian startup and existing supplier to CNH. Bem Agro uses AI to convert any type of aerial field image – including those taken from machines, drones and satellites – into Agronomic Mapping Reports. These reports provide vital data that enables farmers to make better decisions about optimizing field operations, allocating resources an
Fourth quarter net income increased by 4% year-over-year despite consolidated revenue declining by 2% Fourth quarter Agriculture segment adjusted EBIT margin up 40 bps year-over-year to 13.5%; Construction up 230 bps to 5.8% Full year net income up 17% year-over-year on a 5% increase in consolidated revenue Full year diluted EPS reaches $1.76; adjusted diluted EPS at $1.70 Cost reduction programs expected to improve through-cycle margins Company announces additional $500 million share buyback program Basildon, UK - February 14, 2024 - CNH Industrial N.V. (NYSE:CNHI) today reported results for the three and twelve months ended December 31, 2023, with Q4 2023 net income of $617 million a
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