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 has successfully delivered 20 TT4.75 tractors to women farmers in Uganda's Soroti and Katakwi districts, enhancing local agriculture through its partnership with The Cooper Motor Corporation. The event was attended by key political figures, including Vice President Jessica Alupo, emphasizing the company's commitment to sustainable development and support for women's contributions in agriculture. The tractors were handed over to groups such as the Teso Widows Development group, which includes over 36,000 members, showcasing CNH Industrial's dedication to empowering local communities.
CNH Industrial showcased its advancements in Precision Technology during its Tech Day event on December 7-8, 2022, in Phoenix, Arizona. The company anticipates a contribution of approximately $900 million from Precision Technology components for 2022, with a projected annual growth rate of 10-15% over the next two to three years. They aim for $1 billion in net sales from these components in 2023. CNH Industrial emphasized its commitment to sustainable farming through automation, autonomy, and alternative fuel technologies, underscoring its role in enhancing operational efficiency for farmers.
CNH Industrial will stop all Construction Equipment sales in China effective December 31, 2022. In 2021, sales in this sector reached approximately $88 million. The company does not anticipate significant charges from this decision, which is part of its ongoing global turnaround plan. CNH Industrial reassures its commitment to existing CASE Construction machine customers and dealers in China, while other operations in the country will remain unaffected.
CNH Industrial N.V. (NYSE: CNHI) has appointed Richard Miller as the new Senior Vice President of Internal Audit, succeeding Carlo De Bernardi, who is retiring after 38 years with the company. Miller, who joined CNH in 1990, brings extensive experience in Internal Audit, previously serving as the Head of Internal Audit for North America. CEO Scott W. Wine praised De Bernardi's leadership and expressed confidence in Miller's ability to uphold the company’s high standards.
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CNH Industrial's Raven Brand, headquartered in Sioux Falls, South Dakota, showcases its latest innovations through a behind-the-scenes video. The R&D campus highlights collaboration with customers to enhance farming technology. Director Erin Rinehart emphasizes the brand's commitment to digital agriculture and precision technology. With a focus on autonomous systems, Raven aims to advance agricultural efficiency. CNH Industrial operates globally with brands like Case IH and New Holland, focusing on innovation, sustainability, and productivity.
CNH Industrial (NYSE: CNHI) announced the appointments of Vilmar Fistarol as President, North America, and Rafael Miotto as President, Latin America, effective January 2023. Fistarol brings over 31 years of experience, having significantly grown brand sales in Latin America. He takes over from Brad Crews, who will transition to a new role. Miotto, with 18 years at the company, previously led New Holland Agriculture in Latin America. CEO Scott W. Wine expressed confidence in their ability to enhance customer value in key regions for agriculture and construction.
On November 11, 2022, Suzanne Heywood, Chair of CNH Industrial, spoke at the Technology Biennale in Turin, highlighting the vital role of technology in enhancing humanity. The event, hosted by Politecnico di Torino, featured discussions on innovation and digital advancement. Heywood emphasized CNH Industrial’s commitment to using technology to improve efficiency for farmers and builders worldwide. With a global workforce of over 37,000, CNH Industrial remains focused on sustainability and productivity, driving the success of its well-known brands in agriculture and construction.
The Tractor of the Year 2023 Awards recognized the New Holland T4.120 F tractor as the "Best of Specialized" at the EIMA International Agricultural and Gardening Machinery Exhibition in Bologna, Italy. Developed by New Holland Agriculture, a brand of CNH Industrial, this tractor features advanced hydraulics and specifications ideal for orchard and vineyard farmers.
CNH Industrial emphasizes its commitment to supporting farmers with innovative machinery to boost productivity and efficiency.
CNH Industrial reported Q3 2022 consolidated revenues of $5,881 million, a 23.9% increase compared to Q3 2021, with net income of $559 million and diluted EPS of $0.41. Adjusted EBIT for Industrial Activities reached $670 million, up $250 million year-over-year. Free cash flow for Industrial Activities was $202 million, with full-year net sales expected to rise 16% to 18%. The company voluntarily adopts U.S. GAAP reporting and aligns its financial disclosures with domestic filers, aiming for improved investor transparency amidst ongoing global challenges.