CNH Industrial N.V. (CNHI) Reports In-Line Q3 EPS; Reaffirms
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CNH Industrial acquires Kongskilde Agriculture
October 31, 2016 5:36 AM EDTLONDON, Oct. 31, 2016 /PRNewswire/ -- CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced today its agreement to acquire the agricultural Grass and Soil implement business of Kongskilde Industries, part of the Danish Group Dansk Landbrugs Grovvareselskab (DLG A.m.b.A.). This business develops, manufactures and sells solutions for agricultural applications in the Tillage, Seeding and Hay & Forage segments under various brands, including Kongskilde, Överum and JF.
The acquisition comprises a transfer of assets related to the Tillage, Seeding... More
CNH Industrial 2016 third quarter revenues of $5.7 billion, with net income of $39 million and net industrial debt of $2.7 billion at quarter-end
October 31, 2016 5:31 AM EDTLONDON, Oct. 31, 2016 /PRNewswire/ --
Financial results presented under U.S. GAAP(1)Â
Adjusted net income(2)(3) was $68 million in the third quarter of 2016, with adjusted diluted EPS(2) of $0.05 Operating profit(2) of Industrial Activities was $248 million in the third quarter of 2016, with operating margin of 4.5%; year-over-year operating profit and margin improvements were achieved in Agricultural Equipment, Powertrain and Commercial Vehicles In the quarter the Company repurchased $450 million in principal amount of 7.875% Notes due 2017, and issued $600 million in principal amount of 4.50% Notes due 2023... More