CNH Industrial N.V. (CNHI) Tops Q2 EPS by 5c
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CNH Industrial 2016 second quarter revenues of $6.8 billion, with operating margin of Industrial Activities increasing to 7% and net industrial debt reduced by $0.3 billion in the quarter
July 26, 2016 8:30 AM EDTLONDON, July 26, 2016 /PRNewswire/ --
Financial results presented under U.S. GAAP(1)Â
Reported net income was $129 million in the second quarter of 2016, with diluted EPS of $0.10 Industrial Activities operating profit(2) and margin increased year-over-year, led by improvements in Agricultural Equipment, Commercial Vehicles, and Powertrain segments: Agricultural Equipment profitable in all regions, with best-in-class operating margin at 10.7% Commercial Vehicles solidly profitable, with 3.9% operating margin Net industrial debt(2) of $2.1 billion at June 30, 2016, $0.3 billion lower than March 31, 2016 from $0.6 billion in cash flow generated... More