Piper Jaffray Remains Sidelined on CNH Industrial N.V. (CNHI) Following Solid 4Q Results
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January 29, 2016 4:16 PM EST
LONDON, Jan. 29, 2016 /PRNewswire/ --Â CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) ("CNHI") advises its intention to launch a share buyback program (the "Program"). The Company anticipates that the Program will involve the repurchase from time to time of up to $300 million in common shares. The Program is intended to optimize the capital structure of the Company.
The Program implements the resolution adopted by the Shareholders' Meeting (held on April 15, 2015) and duly communicated to the market, which authorized... More
January 29, 2016 8:16 AM EST
LONDON, Jan. 29, 2016 /PRNewswire/ --Â
Financial results under U.S. GAAP(*) (**)
Revenues totaled $7.1Â billion for the fourth quarter and $25.9Â billion for the full year 2015. Net sales of Industrial Activities were $6.9Â billion for the quarter and $24.7Â billion for the year.
Operating profit of Industrial Activities was $563Â million for the quarter, an increase of 50%, at an operating margin at 8.2%, up 3.5Â p.p. compared to the same period in 2014. For the full year, operating profit of Industrial Activities was $1,432Â million,...
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