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.
TCOM Holdings, a leader in elevated ISR awareness solutions, has acquired Aerostar International from Raven Industries, a subsidiary of CNH Industrial (NYSE: CNHI). This acquisition enhances TCOM's capabilities in persistent surveillance platforms and advanced radar systems, integrating Aerostar's stratospheric balloons and radar technologies. TCOM aims to leverage these combined strengths to serve Department of Defense and allied military clients more effectively. The deal signifies a strategic step towards expanding TCOM's global reach in aerospace and defense.
CASE Construction Equipment announced a major launch event to introduce a new, industry-first equipment category on August 2, 2022, at 7:00 PM Central. This innovative machine is designed to enhance jobsite versatility for various sectors, including landscaping and residential construction. The event is accessible to all via registration, and a recording will be provided to participants. CASE is dedicated to improving productivity and reducing ownership costs through its extensive dealer network, broad product range, and comprehensive support services. CASE is part of CNH Industrial, listed on NYSE: CNHI.
CNH Industrial reported Q2 2022 consolidated revenues of $6,082 million, reflecting a 17.5% increase from Q2 2021. Net income reached $552 million, with adjusted net income of $583 million and adjusted diluted EPS of $0.43. Despite a robust performance, free cash flow was $404 million, down nearly 50% from the previous year due to production constraints. The board approved a $300 million share buyback program. Looking ahead, the company anticipates challenges from economic conditions, including inflation and geopolitical instability, particularly affecting European markets.
CNH Industrial has been awarded as the leader in its industry group and ranked seventh overall in the annual 'Valor Inovação Brasil' awards, recognizing its innovation efforts. The awards, revealed on July 26, 2022, saw CNH maintaining first place in its sector for the third consecutive year, up from eighth last year among 150 companies across 23 industries. This achievement reflects the company's commitment to innovation, investment in local markets, and robust R&D initiatives, especially in Brazil, where it operates four manufacturing sites and numerous R&D centers.
CNH Industrial (NYSE: CNHI) will release its Second Quarter 2022 financial results on July 29, 2022. The live audio webcast of the conference call will start at 3:30 p.m. CEST and will be accessible for those interested. A replay will be available on the corporate website for two weeks post-event. CNH Industrial focuses on innovation, sustainability, and productivity through its diverse brands, including Case IH, New Holland Agriculture, CASE, and New Holland Construction Equipment.
On June 30, 2022, CNH Industrial N.V. announced the sale of unclaimed Iveco Group N.V. shares, linked to its On-Highway business spinoff. Over 1% of shares went undelivered due to shareholders not providing necessary account details by June 24, 2022. Citigroup Global Markets Europe AG will sell these shares on Euronext Milan, and proceeds will be distributed to affected shareholders upon verification of their bank details. Payments are expected but timelines remain uncertain. Additional information can be found on Iveco Group's corporate website.
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