CLICK HERE TO VIEW CURRENT ISSUE

Stay Informed
with these

Services
Agri Marketing Update
e-newsletter sent each Monday and Thursday
@AgriMarketing on Twitter
Farm Show Guide
Marketing Services Guide
Books:

National Agri-Marketing Association
NAMA Website
Upcoming Events
Chapters
Agri-Marketing Conf
Best of NAMA 2024












9 MONTHS: CNH INDUSTRIAL'S SALES DOWN 16%, NET INCOME DOWN 19%: $1.07 BILLIION
Source: CNH Industrial news release

Basildon, UK -- 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).

Consolidated revenues were $4.65 billion (down 22% compared to Q3 2023) and Net sales of Industrial Activities were $4.00 billion (down 25% compared to Q3 2023). Net cash provided by operating activities was $791 million and Industrial Free Cash Flow absorption was $180 million in Q3 2024.

Gerrit Marx, Chief Executive Officer said, "With the current challenging market conditions facing farmers across the globe, CNH is implementing decisions to advance our transformation journey. We have focused on making the Company's operations more efficient and on being more responsive to our customers' needs. But dealer inventories remain elevated and will require additional efforts to align with retail demand.

"As we further adjust production levels while making investments in technology and quality-improving processes, we are positioning ourselves for the long term and cementing our leading position in the industry. We look forward to sharing more details of our strategy at our investor day on May 8, 2025."

•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

To read the entire report click here.


Search News & Articles










Proudly associated with:
SIIA AM&P Canadian Agri-food Marketers Alliance National Agri-Marketing Association
Agricultural Relations Council National Association of Farm Broadcasters Agricultural Communicators Network Livestock Publications Council
All content © 2025, Henderson Communications LLC. | User Agreement