CNH Industrial 2Q 2017 revenues up 3 percent to $6.9 billion

Net income at $247 million with adjusted net income up 2 percent to $266 million or $0.19 per share.  

CNH Industrial N.V. (NYSE:CNHI / MI:CNHI) announced July 26, 2017 consolidated revenues of $6,948 million for the second quarter of 2017, up 2.9 percent compared to the second quarter of 2016.

Report highlights:

  •  Industrial Activities’ revenues up 3.2 percent, up 4.5 percent on a constant currency basis on strengthening agricultural equipment demand in Latin America and positive developments in Asia Pacific markets across all segments
  • Operating profit of Industrial Activities increased 6.2 percent to $481 million, with an operating margin of 7.2 percent as a result of a solid performance in all segments
  • Adjusted net income increased to $266 million in the second quarter of 2017, with adjusted diluted EPS of $0.19
  • Net industrial debt was $2.1 billion at June 30, 2017, in line with March 31, 2017
  • In June, S&P Global Ratings raised the credit ratings of CNH Industrial N.V. and CNH Industrial Capital LLC to “investment grade”, with stable outlook
  • Full year guidance leading to the high end of the sales and EPS range

Go to the press release