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) highlights its commitment to inclusivity in agriculture by showcasing women farmers in a new video filmed in Italy. The video emphasizes the growing role of women in the rural economy and how they leverage New Holland equipment to enhance productivity and sustainability. The company aims to break new ground through innovation, sustainability, and productivity, serving its global brands, including Case IH and New Holland Agriculture, dedicated to advancing agricultural and construction technologies.
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CNH Industrial N.V. announced the completion of a $500 million offering of 3.950% notes due 2025. The notes, issued by wholly-owned subsidiary CNH Industrial Capital LLC, were sold at an issue price of 99.469%. Net proceeds of approximately $495 million will support working capital and repay existing debt. The notes, guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, will pay interest semi-annually, starting November 23, 2022, and mature on May 23, 2025.
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CNH Industrial N.V. (NYSE: CNHI) announced the pricing of $500 million in 3.950% notes due 2025 through its subsidiary, CNH Industrial Capital LLC. The offering, expected to close on May 23, 2022, will utilize proceeds for general corporate purposes, including working capital and debt repayment. The notes are senior unsecured obligations, maturing on May 23, 2025, with interest payments scheduled semi-annually. Underwriters include Citigroup and Goldman Sachs, among others. This offering follows a shelf registration statement filed with the SEC.
CNH Industrial N.V. (NYSE: CNHI) announced that its subsidiary, CNH Industrial Capital LLC, plans to offer new notes, pending market conditions. The offering aims to enhance working capital and support corporate needs, including asset purchases and debt repayments. The notes will be guaranteed by two additional subsidiaries. Citigroup, Deutsche Bank, Goldman Sachs, and SG Americas are leading the offering, which follows an effective shelf registration statement with the SEC.
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CNHI reported solid Q1 2022 results with consolidated revenues of $4.6 billion, a 13.4% increase from Q1 2021. Net income stood at $336 million, while adjusted net income reached $378 million with adjusted diluted EPS of $0.28. Despite supply chain disruptions causing a seasonal cash outflow of $1.1 billion, order books surged 40% in agriculture and 80% in construction. Adjusted gross margin improved to 22.2%, reflecting favorable product mix and price realization. The company maintains its 2022 guidance despite macroeconomic challenges.
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