Welcome to our dedicated page for CNH INDUSTRIAL N.V. news (Ticker: CNHI), a resource for investors and traders seeking the latest updates and insights on CNH INDUSTRIAL N.V. stock.
CNH Industrial N.V. (symbol: CNHI) is a global leader in the capital goods sector, renowned for its extensive industrial experience and a wide array of products. The company boasts a significant presence worldwide, with each of its brands being a major international force within their specific industrial sectors. CNH Industrial's brands include:
- Case IH, New Holland Agriculture, and Steyr for tractors and agricultural machinery
- Case and New Holland Construction for earth moving equipment
- Iveco for commercial vehicles
- Iveco Bus and Helieuz Bus for buses and coaches
- Iveco Astra for quarry and construction vehicles
- Magirus for firefighting vehicles
- Iveco Defence Vehicles for defence and civil protection
- FPT Industrial for engines and transmissions
Recently, CNH Industrial has achieved notable milestones. Case IH launched the new Axial-Flow Series 160 Automation in Brazil, incorporating advanced artificial intelligence for improved productivity. New Holland celebrated 60 years of its tractor factory in Basildon, England, by unveiling a special edition tractor and reinforcing its role as the Alternative Fuels Centre of Excellence. Furthermore, CASE presented an eco-friendly compact crawler tractor and a new wheel loader version at the M&T Expo 2024, emphasizing sustainability and efficiency.
Financially, CNH Industrial is robust, continuously investing in innovations and infrastructure, which is evident in the recent R$100 million investment in the Sorocaba plant in Brazil. The company also focuses on workforce training and technological advancements to maintain its competitive edge. Partnerships with local and international entities ensure that their products are always at the forefront of technology and efficiency.
In terms of environmental sustainability, CNH Industrial has made significant strides. The company supports World Environment Day and participates in initiatives to combat land degradation, desertification, and drought. The introduction of eco-friendly machinery, like the 100% electric mini excavators and the T6.180 Methane Power tractor, highlights their commitment to sustainability.
For more detailed information about CNH Industrial and its operations, visit their corporate website at www.cnhindustrial.com. For career opportunities, check their LinkedIn profile or the careers section on their website.
CNH Industrial's Raven Brand, headquartered in Sioux Falls, South Dakota, showcases its latest innovations through a behind-the-scenes video. The R&D campus highlights collaboration with customers to enhance farming technology. Director Erin Rinehart emphasizes the brand's commitment to digital agriculture and precision technology. With a focus on autonomous systems, Raven aims to advance agricultural efficiency. CNH Industrial operates globally with brands like Case IH and New Holland, focusing on innovation, sustainability, and productivity.
CNH Industrial (NYSE: CNHI) announced the appointments of Vilmar Fistarol as President, North America, and Rafael Miotto as President, Latin America, effective January 2023. Fistarol brings over 31 years of experience, having significantly grown brand sales in Latin America. He takes over from Brad Crews, who will transition to a new role. Miotto, with 18 years at the company, previously led New Holland Agriculture in Latin America. CEO Scott W. Wine expressed confidence in their ability to enhance customer value in key regions for agriculture and construction.
On November 11, 2022, Suzanne Heywood, Chair of CNH Industrial, spoke at the Technology Biennale in Turin, highlighting the vital role of technology in enhancing humanity. The event, hosted by Politecnico di Torino, featured discussions on innovation and digital advancement. Heywood emphasized CNH Industrial’s commitment to using technology to improve efficiency for farmers and builders worldwide. With a global workforce of over 37,000, CNH Industrial remains focused on sustainability and productivity, driving the success of its well-known brands in agriculture and construction.
The Tractor of the Year 2023 Awards recognized the New Holland T4.120 F tractor as the "Best of Specialized" at the EIMA International Agricultural and Gardening Machinery Exhibition in Bologna, Italy. Developed by New Holland Agriculture, a brand of CNH Industrial, this tractor features advanced hydraulics and specifications ideal for orchard and vineyard farmers.
CNH Industrial emphasizes its commitment to supporting farmers with innovative machinery to boost productivity and efficiency.
CNH Industrial reported Q3 2022 consolidated revenues of $5,881 million, a 23.9% increase compared to Q3 2021, with net income of $559 million and diluted EPS of $0.41. Adjusted EBIT for Industrial Activities reached $670 million, up $250 million year-over-year. Free cash flow for Industrial Activities was $202 million, with full-year net sales expected to rise 16% to 18%. The company voluntarily adopts U.S. GAAP reporting and aligns its financial disclosures with domestic filers, aiming for improved investor transparency amidst ongoing global challenges.
On November 7, 2022, Case IH and New Holland Agriculture, brands of CNH Industrial, secured multiple awards at SIMA 2022 in Paris, a leading agricultural technology event. Case IH's Quadtrac AFS Connect™ tractor received the 'Farm Machine 2023' award in the 'XXL' category for its advanced connectivity features. New Holland’s T4F tractor won 'Best Specialized Tractor.' Additionally, New Holland earned two Bronze Medals for its innovative Grain Cam™ Mobile app and contributions to a circular economy with methane-powered tractors, enhancing sustainability efforts in agriculture.
CNH Industrial (NYSE: CNHI) will release its Third Quarter 2022 financial results on November 8, 2022. A live audio webcast will start at 3:30 p.m. CET and will be accessible via their corporate website. The session will provide insights into the company's performance and outlook. The results are anticipated as CNH Industrial continues to focus on innovation, sustainability, and productivity in its diverse range of agricultural and construction equipment. The archived replay will be available for two weeks post-event.
CNH Industrial N.V. (NYSE: CNHI) announced the completion of a $400 million offering of 5.450% notes due 2025. The offering was priced at 99.349%, yielding net proceeds of approximately $395 million after expenses. Funds will be used for working capital, purchasing assets, and repaying existing debt. The notes will have semi-annual interest payments starting April 14, 2023, and will mature on October 14, 2025. The offering was conducted under an effective shelf registration statement with the SEC.
CNH Industrial is committed to fostering partnerships that enhance community welfare through education and sustainability. Recently, the company expanded its education initiative in India to support those affected by COVID-19's economic impact. With a focus on innovation, sustainability, and productivity, CNH Industrial utilizes its global brands such as Case IH, New Holland Agriculture, and CASE to provide comprehensive solutions in agriculture and construction. The company's diverse workforce of over 37,000 is dedicated to empowering customers and contributing positively to society.
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