CNH Industrial N.V. (CNHI) Reports In-Line Q4 EPS, Offers Guidance

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Go back to CNH Industrial N.V. (CNHI) Reports In-Line Q4 EPS, Offers Guidance

CNH Industrial N.V. Reports Fourth Quarter and Full Year 2023 Results

February 14, 2024 7:30 AM EST

Fourth quarter net income increased by 4% year-over-year despite consolidated revenue declining by 2%

Fourth quarter Agriculture segment adjusted EBIT margin up 40 bps year-over-year to 13.5%; Construction up 230 bps to 5.8%

Full year net income up 17% year-over-year on a 5% increase in consolidated revenue

Full year diluted EPS reaches $1.76; adjusted diluted EPS at $1.70

Cost reduction programs expected to improve through-cycle margins

Company announces additional $500 million share buyback program

Basildon, UK - February 14, 2024 - CNH Industrial N.V. (NYSE:... More