CNH Industrial NV
XMUN:37C

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CNH Industrial NV Logo
CNH Industrial NV
XMUN:37C
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Price: 11.888 EUR -0.52%
Market Cap: €15.8B

CNH Industrial NV
Investor Relations

CNH Industrial NV is a global powerhouse in the realm of capital goods, intricately weaving its operations through the fabric of essential sectors such as agriculture, construction, commercial vehicles, and powertrain technologies. The company, which emerged from a historic merger of Fiat Industrial and CNH Global in 2013, thrives on its robust portfolio of brands like Case IH, New Holland, and Iveco—synonymous with innovative equipment and vehicles that drive efficiency in farming, construction, and industry. By manufacturing and selling a dynamic range of tractors, combine harvesters, excavators, and commercial vehicles, CNH Industrial propels vital economic activities around the globe. Its business model hinges on crafting machinery that not only serves essential industries but also enhances productivity and sustainability, meeting the ever-evolving demands of its diverse clientele. In navigating the intricacies of the modern marketplace, CNH Industrial harnesses its keen focus on technological advancement and sustainability to carve out competitive edges. The company's commitment to R&D channels significant resources into creating next-gen machinery and cutting-edge powertrain solutions, which are vital for reducing environmental impact while maximizing operational efficiency. Meanwhile, the financial performance of CNH Industrial is bolstered not just by equipment sales, but also through a comprehensive array of after-sales services and a robust dealer network that ensures customer satisfaction and brand loyalty worldwide. By strategically positioning itself as an innovator and supportive partner to its clients, CNH Industrial manages to cultivate a symbiotic relationship with industries responsible for feeding, building, and transporting the world.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Aug 3, 2026
AI Summary
Q2 2026

Results: Second-quarter revenue was $4.8 billion, up 2% year-over-year, while adjusted EPS was $0.13 and industrial adjusted EBIT was $167 million, reflecting weak agricultural demand and tariff pressure.

Guidance: CNH raised Construction sales guidance to up 5% to 10% year-over-year and narrowed Agriculture EBIT margin guidance to 5% to 5.5%; full-year adjusted EPS guidance is now $0.41 to $0.46.

Agriculture: Management expects an L-shaped recovery, with 2027 retail demand broadly flat and replacement demand carrying much of the market as farmer profitability remains under pressure.

Margins: Lower Section 232 tariff rates should support second-half margins, although transportation costs and other market pressures are offsetting part of the benefit.

Cash flow: Industrial free cash flow guidance increased to $200 million-$400 million, supported by expected second-half profitability and working-capital improvements.

Operations: CNH is using the downturn to improve sourcing, quality and manufacturing efficiency, targeting 100 to 150 basis points of margin improvement from sourcing by 2030.

Construction: Demand is benefiting from infrastructure, data-center and power-generation investment; management expects further improvement in 2027.

Risks: South America remains weak, Europe was softer than expected due to drought and higher input costs, and Financial Services delinquencies were elevated year-over-year.

Key Financials
Consolidated revenue
$4.8 billion
Industrial adjusted EBIT
$167 million
Adjusted net income
$161 million
Adjusted EPS
$0.13
Industrial free cash flow
$150 million
Agriculture sales
About $3.3 billion
Agriculture gross margin
19.7%
Agriculture adjusted EBIT margin
5.2%
Construction sales
$866 million
Construction gross margin
11.9%
Construction adjusted EBIT margin
1.7%
Financial Services net income
$71 million
Retail originations
$2.5 billion
Managed portfolio
$28 billion
Delinquency rate
4.4%
Agriculture 2026 tariff impact
About 170 basis points
Construction 2026 tariff impact
About 470 basis points
Dealer inventory reduction target
$400 million to $500 million
Sourcing margin improvement target
100 to 150 basis points
Dividend paid
$126 million
Share repurchases
$36 million
IEEPA tariff refunds received
$5 million
Earnings Call Recording
Other Earnings Calls

Management

Ms. Suzanne Heywood
Exec. Chairperson
No Bio Available
Mr. Scott Wellington Wine
CEO & Exec. Director
No Bio Available
Mr. Oddone Incisa Della Rocchetta
CFO & Pres of Financial Services
No Bio Available
Mr. Marc Kermisch
Chief Digital and Information Officer & Interim Chief Technology and Quality Officer?
No Bio Available
Mr. Federico Donati
Director of Investor Relations Global
No Bio Available
Mr. Roberto Russo
Chief Legal & Compliance Officer?
No Bio Available
Ms. Laura Overall
Sr. VP of Communications
No Bio Available
Mr. Michele Lombardi
Sr. VP of Corp. Devel.
No Bio Available
Mr. Kevin A. Barr
Chief HR Officer
No Bio Available
Mr. Derek James Neilson
Pres of Agriculture
No Bio Available

Contacts

Address
ESSEX
Basildon
Cranes Farm Road
Contacts
+442079251964
www.cnh.com