CNH Industrial N.V. (CNHI) Misses Q1 EPS by 4c
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CNH INDUSTRIAL 2016 FIRST QUARTER REVENUES OF $5.4 BILLION AND OPERATING PROFIT OF INDUSTRIAL ACTIVITIES OF $178 MILLION; IMPROVED PROFITABILITY IN THREE OUT OF FOUR INDUSTRIAL SEGMENTS
April 29, 2016 8:33 AM EDTLONDON, April 29, 2016 /PRNewswire/ --
Financial results presented under U.S. GAAP (1) (2)Â
Continued demand strength in Commercial Vehicles segment (+18% in Europe) buffered impact from challenging trading conditions in Agricultural Equipment business Industrial Activities operating margin of 3.5%, with year-over-year operating profit and margin improvements achieved in Commercial Vehicles, Construction Equipment and Powertrain businesses Agricultural Equipment operating margin at 4.2% despite significant underproduction in NAFTA row crop sector Net industrial debt of $2.5 billion, with industrial operations cash flow improved by $375 million as compared to Q1 2015 Full year... More