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 has announced an agreement to acquire Raven Industries for $58 per share, totaling $2.1 billion in enterprise value, reflecting a 33.6% premium over Raven's recent stock price. The deal aims to enhance CNH's position in the precision agriculture sector and is expected to close in Q4 2021 pending regulatory and shareholder approvals. The acquisition is set to generate approximately $400 million in annual revenue synergies by 2025, translating to an additional $150 million in EBITDA. The transaction will be financed using CNH Industrial's cash reserves.
CNH Industrial and Nikola Corporation have partnered to develop zero-emission heavy-duty trucks, leveraging both battery and hydrogen fuel-cell technologies. This collaboration, which began in late 2019, aims to significantly reduce carbon emissions in North America and Europe. Prototypes of the Nikola Tre battery-electric vehicle have already been built, and testing is underway. The partnership emphasizes a commitment to a cleaner future, showcasing innovative designs and advanced engineering efforts.
CNH Industrial N.V. (NYSE: CNHI) announced the appointment of Gerrit Marx as the Chief Executive Officer of its forthcoming On-Highway business, set for independent operations in early 2022. The new entity encompasses various brands including IVECO, IVECO BUS, and Magirus. Gerrit Marx, who joined CNH Industrial in 2019, brings over 20 years of automotive experience from companies like Daimler and Bain Capital. The board expresses confidence in his leadership abilities to advance the new segment.
CNH Industrial N.V. (NYSE: CNHI) announced the completion of a $600 million offering of 1.450% notes due 2026. The notes were issued at an issue price of 99.208%, with net proceeds of approximately $592 million to be used for general corporate purposes, including working capital and debt repayment. The offering, managed by several financial institutions, is secured by senior unsecured obligations of CNH Industrial Capital LLC.
CNH Industrial has released its 2020 Sustainability Report companion guide, titled A Sustainable Year. This year marks its first interactive online magazine format. The report highlights CNH's commitment to sustainability amid pandemic challenges, showcasing initiatives from employee safeguarding to community support. It also covers significant achievements in carbon emission reduction, digitalization in operations, and diversity promotion. The interactive edition is available online, providing an engaging overview of CNH's sustainability efforts and strategic targets.
Summary not available.
On May 17, 2021, CNH Industrial (NYSE: CNHI) announced that its subsidiary, CNH Industrial Capital LLC, priced $600 million in 1.450% notes due 2026. The offering, set to close on May 24, 2021, will fund general corporate purposes and potentially repay existing debts. Interest on these senior unsecured notes will be paid semi-annually, starting January 15, 2022, and they will mature on July 15, 2026. The notes are guaranteed by two subsidiaries and are part of a shelf registration statement filed with the SEC.
On May 17, 2021, CNH Industrial N.V. (NYSE: CNHI) announced plans by its subsidiary, CNH Industrial Capital LLC, to offer new notes, subject to market conditions. These notes will be guaranteed by two wholly-owned subsidiaries. The net proceeds will be utilized for general corporate purposes and debt repayment. The offering is supported by leading financial institutions acting as underwriters and is conducted under a shelf registration statement with the SEC. This move aims to strengthen CNH Industrial's financial position.
CNH Industrial has set an ambitious goal of achieving zero-waste across its manufacturing plants in Brazil. Led by Fabio Belasco, the company has implemented various initiatives, including waste-reduction programs and worm farms, to change employee mindsets about waste. As a result, six of seven plants have reached zero waste to landfill a year ahead of schedule, with 99.7% of waste recycled across South America. Additionally, the company has reduced overall waste by 15% in the past two years, reflecting its commitment to sustainability and Life Cycle Thinking.
CNH Industrial announced its 2021 first quarter results, showcasing a remarkable performance with consolidated revenues reaching $7.5 billion, a 37% increase compared to Q1 2020. Net income stood at $425 million, while adjusted diluted EPS was $0.32. Industrial Activities net cash reached $0.6 billion as of March 31, 2021. The company reported an adjusted EBIT of $545 million, driven by strong demand in Agriculture and Commercial Vehicles, marking a significant recovery from $148 million loss a year prior.