Welcome to our dedicated page for CNH INDUSTRIAL N.V. news (Ticker: CNHI), a resource for investors and traders seeking the latest updates and insights on CNH INDUSTRIAL N.V. stock.
CNH Industrial N.V. (CNHI) is a global capital goods leader driving innovation in agriculture machinery, construction equipment, and sustainable powertrain solutions. This news hub provides investors and industry professionals with centralized access to official announcements, financial disclosures, and strategic developments.
Monitor critical updates including quarterly earnings reports, product launches, sustainability initiatives, and partnership announcements. Our repository ensures timely access to filings, operational milestones, and leadership changes impacting CNHI's global markets.
Key coverage areas include precision farming technologies, construction equipment innovations, alternative fuel powertrains, and corporate responsibility programs. Track developments across CNHI's brand ecosystem, including Case IH, New Holland Agriculture, and Iveco commercial vehicles.
Bookmark this page for streamlined tracking of CNH Industrial's market position, technological advancements, and regulatory filings. Combine strategic insights with operational updates to inform your analysis of this industrial equipment leader.
CASE Construction Equipment announced a major launch event to introduce a new, industry-first equipment category on August 2, 2022, at 7:00 PM Central. This innovative machine is designed to enhance jobsite versatility for various sectors, including landscaping and residential construction. The event is accessible to all via registration, and a recording will be provided to participants. CASE is dedicated to improving productivity and reducing ownership costs through its extensive dealer network, broad product range, and comprehensive support services. CASE is part of CNH Industrial, listed on NYSE: CNHI.
CNH Industrial reported Q2 2022 consolidated revenues of $6,082 million, reflecting a 17.5% increase from Q2 2021. Net income reached $552 million, with adjusted net income of $583 million and adjusted diluted EPS of $0.43. Despite a robust performance, free cash flow was $404 million, down nearly 50% from the previous year due to production constraints. The board approved a $300 million share buyback program. Looking ahead, the company anticipates challenges from economic conditions, including inflation and geopolitical instability, particularly affecting European markets.
CNH Industrial has been awarded as the leader in its industry group and ranked seventh overall in the annual 'Valor Inovação Brasil' awards, recognizing its innovation efforts. The awards, revealed on July 26, 2022, saw CNH maintaining first place in its sector for the third consecutive year, up from eighth last year among 150 companies across 23 industries. This achievement reflects the company's commitment to innovation, investment in local markets, and robust R&D initiatives, especially in Brazil, where it operates four manufacturing sites and numerous R&D centers.
CNH Industrial (NYSE: CNHI) will release its Second Quarter 2022 financial results on July 29, 2022. The live audio webcast of the conference call will start at 3:30 p.m. CEST and will be accessible for those interested. A replay will be available on the corporate website for two weeks post-event. CNH Industrial focuses on innovation, sustainability, and productivity through its diverse brands, including Case IH, New Holland Agriculture, CASE, and New Holland Construction Equipment.
On June 30, 2022, CNH Industrial N.V. announced the sale of unclaimed Iveco Group N.V. shares, linked to its On-Highway business spinoff. Over 1% of shares went undelivered due to shareholders not providing necessary account details by June 24, 2022. Citigroup Global Markets Europe AG will sell these shares on Euronext Milan, and proceeds will be distributed to affected shareholders upon verification of their bank details. Payments are expected but timelines remain uncertain. Additional information can be found on Iveco Group's corporate website.
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