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Jul. 28, 2023 Source: CNH Industrial news release *Q2 Consolidated revenues of $6.57 billion (up 8% compared to Q2 2022) *Net income of $710 million and Adjusted Net Income of $711 million, with diluted EPS and adjusted diluted EPS of $0.52 *Net cash used by operating activities of $139 million and Industrial Free Cash Flow generation of $386 million in Q2 *Net sales for Industrial Activities of $5.95 billion (up $341 million compared to Q2 2022) *Significant improvements in Gross Profit Margin for the Agriculture and Construction Segments, both reporting the highest quarterly Adjusted EBIT margin ever Financial results presented under U.S. GAAP "The CNH Industrial team delivered great results in Q2 as we capitalized on favorable market fundamentals and solid operational execution. Our Agriculture segment set margin records, and for the first quarter in our history, Construction net sales surpassed $1 billion. "The CNH Business System is becoming a way of life, engaging our employees in improving processes and removing unnecessary costs. We are transforming the business and expanding our technology investments to drive growth and improve through-cycle margins." To read the entire report click here. Tweet |
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