Welcome to our dedicated page for CNH INDUSTRIAL news (Ticker: CNHI), a resource for investors and traders seeking the latest updates and insights on CNH INDUSTRIAL stock.
CNH Industrial N.V. reports recurring developments in agricultural and construction equipment, digital agriculture and precision technology. Its news centers on global and regional brands including Case IH, New Holland, CASE, New Holland Construction Equipment, STEYR, Raven, Hemisphere, Flexi-Coil, Miller and Eurocomach, with updates on machines, implements, tractors, excavators, satellite-based positioning, autonomous systems and digital farm management through FieldOps™.
Company updates also cover quarterly and full-year results, equipment demand cycles, production planning, dealer inventory management, pricing, cost efficiencies, managed portfolio trends, product-design awards, shareholder voting matters, governance and capital-structure disclosures.
CNH Industrial (NYSE:CNHI) employees at the New Holland tractor plant in Basildon, Essex, donated over £800 worth of food and household essentials to the Basildon Community Supermarket. This initiative, started in December, offers local residents affordable shopping options, distinguishing itself from traditional food banks by allowing members to choose their purchases. The project is supported by the Billericay Street Pastors and Hopethree16, backed by Essex County Council, aiming to alleviate the cost-of-living challenges.
CNH Industrial plans to contribute quarterly to the supermarket, fostering community support and engagement.
New Holland Agriculture has unveiled significant updates to its T4 F/N/V and TK4 series tractors, further solidifying its leadership in the specialty tractor market. Key features include the innovative VisionView™ cab, lauded for its spaciousness and visibility, and upgraded engines in the TK4 Series that comply with Stage V regulations. The T4.120F has received the Best Specialized Tractor award at the 2023 Tractor of the Year Awards, showcasing its excellence. These tractors will debut at the World Ag Expo in Tulare, California, from February 14-16, 2023.
On February 8, 2023, CNH Industrial announced the launch of the Emprega+Women training program in Sorocaba, Brazil, aimed at increasing female participation in its workforce, where only 15% of its 2,500 employees were women in 2021. The initiative, led by Talent Development Specialist Nathalia Godinho, targets low-income women to enhance their skills and employability, addressing a skilled worker shortage in the region. Through this program, CNH Industrial aims to empower women and invest in local communities, aligning with its commitment to Diversity & Inclusion. This effort reflects the company's broader mission of Innovation, Sustainability, and Productivity.
Case IH, a brand of CNH Industrial, has donated four engines to agricultural schools in Argentina to enhance learning and contribute to regional agro-industrial development. The initiative aims to provide students with hands-on experience with advanced machinery. The donated engines, including a Cursor 10 and NEF 6, were given to institutions in Córdoba and Santa Fe. This project, originating in 2021, is intended to bridge the gap between education and employment by fostering partnerships between technical schools and local dealerships for future internship opportunities.
On February 6, 2023, CNH Industrial N.V. (NYSE: CNHI) announced a second tranche of its $300 million share buyback program, commencing with an additional $50 million. This follows a previous buyback announced on July 29, 2022. The company executed a purchase of 166,000 shares at an average price of €14.84 on February 3, 2023, totaling approximately €2.46 million. As of this date, CNH Industrial holds a treasury of 20,159,225 common shares. Additionally, the Board of Directors plans to recommend a cash dividend of €0.36 per share, amounting to around €483 million, pending shareholder approval at the April 14, 2023 meeting.
CNH Industrial has intensified its commitment to social responsibility in 2022, significantly increasing funding for social programs and cultural projects in Minas Gerais, Brazil. Over 1,250 individuals directly benefitted from these initiatives, with nearly 8,000 impacted indirectly. The company partnered with various organizations, promoting education, job creation, and cultural activities. Notably, the Young Worker Path program led to 12 students securing employment. Furthermore, CNH Industrial supported the Mano Down Institute to enhance inclusion efforts for families affected by Down's Syndrome. These initiatives reflect the company's dedication to sustainable development and community welfare.
CNH Industrial reported strong Q4 2022 results with consolidated revenues of $6,943 million, a 26.7% increase compared to Q4 2021. Net income was $592 million, resulting in a diluted EPS of $0.43. Adjusted EBIT rose to $680 million, up year-over-year by $302 million. The company generated $2,049 million in free cash flow and plans to propose a €0.36 annual cash dividend per share. Despite challenges in agricultural and construction markets, the board is optimistic about the future with a projected 6%-10% increase in net sales for 2023, driven by improved supply chain management and product innovations.
CNH Industrial has announced plans to transition from a dual stock listing to a single listing on the NYSE, effective early 2024. This decision comes after an analysis revealed a significant shift in trading activity towards the NYSE following the spin-off of its On-Highway operations in January 2022. The move aims to enhance liquidity and simplify compliance, aligning with the company’s evolving business profile and investor base. CNH Industrial has communicated its intentions to Borsa Italiana Euronext and is exploring options for a smooth transition while expressing gratitude to Euronext Milan for its decade-long support.
CNH Industrial and Lavazza recently collaborated on an innovative project that invites students to envision the future of coffee harvesting. From January 16 to February 13, six advanced design concepts created by 18 master's students from the European Institute of Design were showcased at Lavazza's headquarters in Turin. Under the mentorship of CNH Industrial's design team, students focused on developing machinery for small-scale coffee cultivation, achieving a remarkable efficiency of picking up 70% of coffee beans. This initiative highlights the importance of young designers in fostering new ideas and sustainable solutions in the agricultural sector.
CNH Industrial N.V. (NYSE: CNHI) has released its 2023 corporate calendar detailing key financial reporting dates. The company will announce its Fourth Quarter and Full Year 2022 results on February 2, 2023, followed by First Quarter results on May 5, 2023, and Second Quarter data on July 28, 2023. The Third Quarter results are expected on November 7, 2023. Additionally, the Annual General Meeting to approve the 2022 financial statements is set for April 14, 2023. Live webcasts of the earnings calls will be available on the company's website, providing stakeholders easy access to important financial insights.