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.
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.
Summary not available.
Raven Engineered Films, based in location value="LU/us.sd.siolls"Sioux Falls, S.D., has been acquired by Industrial Opportunity Partners (IOP) from CNH Industrial (NYSE: CNHI). The acquisition aims to enhance technological advancements in polymer film and sheeting solutions. Scott Wickersham will continue as CEO under IOP's ownership, focusing on product innovation and value creation for customers. IOP stated it will provide the necessary resources to support Raven's future growth and success.
CNH Industrial (NYSE: CNHI) has successfully sold its Raven Engineered Films Division to Industrial Opportunity Partners for $350 million, subject to closing adjustments. This division, based in Sioux Falls, South Dakota, specializes in engineered polymer films for various critical applications, promoting sustainability. The transaction, completed on April 29, 2022, is a strategic repositioning following CNH's acquisition of Raven Industries.
Goldman Sachs and Barclays acted as financial advisors, while Wachtell, Lipton, Rosen & Katz provided legal support.
CASE Construction Equipment and CASE Power & Equipment of Florida supported a recent Disaster Training Camp in Florida, training 26 sawyers and heavy equipment operators for disaster response. The event, run by Team Rubicon, prepared volunteers for real-world disaster scenarios while improving the Boy Scouts camp site. Participants trained on CASE loaders and grapple buckets, enhancing disaster cleanup skills critical after tornadoes and hurricanes. This initiative aligns with CASE's commitment to community support and disaster relief, showcasing their partnership with Team Rubicon, active since 2015.
Raven Aerostar has partnered with Abside Networks to showcase a 4G LTE connectivity solution from 70,000 feet, aiming to assist underserved and disaster-affected communities. Their Thunderhead Balloon System effectively provided internet access during test flights, delivering up to 23 Mbps downlink and 6 Mbps uplink. The technology can maintain stable connections with standard cellular devices and can be deployed rapidly, remaining in place for weeks utilizing solar power. This collaboration enhances Raven's capabilities in restoring critical communications in crisis situations.
CNH Industrial (NYSE: CNHI) will release its First Quarter 2022 financial results on May 3, 2022. A live audio webcast of the conference call will start at 3:30 p.m. CEST. Interested parties can access the webcast at bit.ly/CNH_Industrial_Q1_2022. A replay will be available for two weeks post-call in the Investors section of the corporate website.
CNH Industrial (NYSE: CNHI) has announced its innovative approach to equipment development by integrating virtual technologies. This methodology aims to enhance customer productivity and user experience through rigorous testing and computer simulation. The use of virtual environments allows for a safer and more sustainable evaluation of products. The company emphasizes its commitment to innovation, sustainability, and productivity across its core brands, which include Case IH and New Holland Agriculture.
Summary not available.
Summary not available.