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. (NYSE: CNH) generates a steady flow of news across agriculture, construction, technology and finance. As an equipment, technology and services company, it issues updates on Ag Tech innovations, product recognition, strategic technology roadmaps and capital markets activity. Its global and regional brands, including Case IH, New Holland, CASE, STEYR, Raven and others, frequently appear in announcements tied to new technologies, awards and industry events.
Recent communications from CNH highlight agricultural technology developments that span the crop cycle, from field preparation and planting to crop protection and harvesting. The company reports on AI-driven and autonomous solutions, precision spraying systems, digital farm management via the FieldOps™ platform, and connected equipment ecosystems. News items also cover recognition from organizations such as the American Society of Agricultural and Biological Engineers and Farm Machine of the Year awards for Case IH and New Holland machines and technologies.
In addition to product and technology updates, CNH’s news includes leadership appointments, sustainability publications, and financing activities such as bond offerings and notes issued by subsidiaries like CNH Industrial Finance Europe S.A. and CNH Industrial Capital LLC. The company also provides quarterly financial results and outlook commentary, discussing segment performance in Agriculture, Construction and Financial Services, as well as factors like industry demand, tariffs and geographic sales mix.
Investors, industry professionals and equipment users can use this news stream to follow CNH’s progress on its Breaking New Ground purpose, its Road to 2030 strategy themes, and its efforts to advance innovation, sustainability and productivity in agriculture and construction. Regular updates offer insight into how CNH’s brands, technologies and financial services evolve over time.
CNH Industrial reported robust second quarter 2021 results with consolidated revenues of $8.9 billion, marking a 60% increase year-over-year. Net income reached $699 million, and adjusted diluted EPS was $0.42. The company achieved $1.0 billion in free cash flow, reflecting strong operating performance. Net sales of Industrial Activities hit $8,490 million, up 65%. All segments showed positive growth, with notable performance in Agriculture at a 14.7% adjusted EBIT margin. Available liquidity stood at $14.4 billion as of June 30, 2021.
CNH Industrial has announced that its FPT Industrial engine manufacturing facility in Bourbon-Lancy, France, achieved Gold Level designation in the World Class Manufacturing (WCM) program. This recognition makes it the third CNH Industrial site to receive this accolade, following plants in Spain. The Bourbon-Lancy factory specializes in the Cursor engine series with a capacity of 80,000 engines per year, while emphasizing sustainability in its operations. The WCM program aims for continuous improvement and waste elimination across manufacturing processes.
CNH Industrial (NYSE: CNHI) honored the 2021 winners of the Sergio Marchionne Student Achievement Awards in North America, celebrating academic excellence among children of employees. The program has recognized over 40,000 students since its inception in 1996. The 17 winners, selected for outstanding academics and community contributions, were congratulated in a virtual ceremony by Chair Suzanne Heywood and CEO Scott Wine. CNH Industrial operates 12 manufacturing plants and 12 R&D centers in North America, producing a diverse range of vehicles and capital goods.
CNH Industrial (NYSE: CNHI) will announce its financial results for the Second Quarter of 2021 on July 30, 2021. The company will host a live audio webcast at 3:30 p.m. CEST, allowing investors to access the latest financial insights. A replay will be available for two weeks post-call. CNH Industrial is known for its leadership in capital goods, offering a diverse range of products across various industrial sectors. For more details, visit www.cnhindustrial.com.
On July 15, 2021, the CNH Industrial Foundation announced a significant US$250,000 grant to Team Rubicon, aimed at supporting its Ready Reserve fund for disaster response operations. This grant marks the largest single contribution made by the Foundation to Team Rubicon, a veteran-led non-profit that provides emergency response teams globally. The partnership emphasizes the Foundation's commitment to community empowerment and disaster relief, with many CNH Industrial employees actively volunteering with Team Rubicon to further assist communities in need.
CNH Industrial N.V. (NYSE: CNHI) announces the appointment of Domenico Nucera as head of the Bus Business Unit, effective October 1, 2021, succeeding Sylvain Blaise. Nucera brings over 20 years of experience in the automotive sector, having held various roles, including Head of Quality and Product Support for Powertrain. Gerrit Marx, the designated CEO of the new On-Highway business, praised Nucera's qualifications and customer service focus. Blaise will continue to play a significant role in France, a key market for CNH Industrial.
CNH Industrial (NYSE: CNHI) announces key leadership appointments ahead of the spin-off of its On-Highway business, effective October 1, 2021. Annalisa Stupenengo will lead global Operations, overseeing manufacturing, quality, logistics, and purchasing. With significant experience from CNH Industrial and Fiat Chrysler, she moves from her role as President Powertrain. Sylvain Blaise, with 20 years in the Group, will head the Powertrain Business Unit, having previously driven the success of the Bus Business Unit. These changes aim to strengthen leadership during the upcoming transition.
On July 1, 2021, CNH Industrial N.V. (NYSE: CNHI) announced the appointments of Scott Moran as Chief Business System Officer and Kelly Tolbert as Chief Diversity & Inclusion, Sustainability and Transformation Officer. These leadership changes aim to enhance customer focus and commitment to diversity, inclusion, and sustainability. Moran, with over 30 years of experience in quality and operations, will lead a new Business System initiative. Tolbert brings expertise in talent management and organizational design, promising to shape CNH Industrial's diversity strategy and overall agility.
CNH Industrial N.V. (NYSE: CNHI) announced leadership changes in its Firefighting Business Unit, effective July 1, 2021. Thomas Hilse will succeed Marc Diening as CEO of Magirus, which forms part of the new On-Highway business expected to operate separately from CNH Industrial in early 2022. Hilse brings 25 years of industry experience, having previously served as IVECO Brand President since late 2019. Gerrit Marx, designated CEO of the On-Highway business, expressed confidence in Hilse's leadership and appreciation for Diening's contributions over his five-year tenure.
CNH Industrial N.V. (NYSE: CNHI) announced its agreement to acquire 100% of Raven Industries, Inc. (NASDAQ: RAVN) at $58 per share, totaling an enterprise value of approximately $2.1 billion. This represents a 33.6% premium over Raven's recent stock price. The transaction, funded by CNH's cash reserves, aims to enhance CNH's position in precision agriculture. Expected to close in Q4 2021, the acquisition is projected to generate $400 million in revenue synergies and $150 million in incremental EBITDA by 2025.