CNH Industrial N.V. (CNHI) Reports In-Line Q4 EPS, Offers FY17 Guidance
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CNH Industrial closed full year 2016 with revenues of $24.9 billion, adjusted net income(3) of $482 million, net loss of $249 million, and net industrial debt of $1.6 billion
January 31, 2017 8:20 AM ESTLONDON, Jan. 31, 2017 /PRNewswire/ --
Financial results presented under U.S. GAAPÂ (1)Â
Operating profit(2)(3) of Industrial Activities was $1,291 million for 2016, with operating margin of 5.5% Adjusted net income(2)(3) was $482 million for 2016, with adjusted diluted EPS(2)(3) of $0.35 Net industrial debt(2)(3) was $1.6 billion at December 31, 2016, $1.1 billion lower than September 30, 2016 and flat as compared with December 31, 2015 The Board of Directors is recommending a dividend of 0.11 per common share, or approximately 150 million (~$160 million) CNH Industrial will take a restructuring charge of... More