CNH INDUSTRIAL N.V. - CNHI STOCK NEWS

CNH Industrial (NYSE: CNHI) has filed its 2021 Annual Report on Form 20-F with the SEC and published its EU Annual Report. Both reports include consolidated financial statements and are available on the company's website. The Annual General Meeting of Shareholders is scheduled for April 13, 2022, to approve the 2021 EU Annual Report and a cash dividend proposal of €0.28 per share. If approved, shares will trade ex-dividend on April 19, 2022, with a record date of April 20, and dividends expected to be paid on May 4, 2022.

CNH Industrial has announced a share buyback program totaling up to 100 million euros, authorized by the Board of Directors, aimed at optimizing capital structure and fulfilling equity incentive plan obligations. The program will operate until October 14, 2022, and is funded through the company's liquidity. CNH Industrial currently holds 8,323,196 shares in treasury. CEO Scott W. Wine acquired 150,000 shares at an average price of $13.6881, increasing his total shareholding to 350,000 shares.

On February 25, 2022, CNH Industrial (NYSE: CNHI) received an upgrade from Moody’s Investors Service, raising its senior unsecured rating from Baa3 to Baa2. This upgrade also applies to its subsidiaries, enhancing their creditworthiness. The outlook remains stable. CNH Industrial, a global leader in equipment and services, focuses on innovation, sustainability, and productivity across its five core brands: Case IH, New Holland Agriculture, STEYR, CASE, and New Holland Construction. The company employs over 35,000 people worldwide, aiming to empower customers for a better world.

CNH Industrial recently outlined its updated strategic plan for 2024, focusing on Customer-Inspired Innovation, Technology Leadership, and Sustainability Stewardship. The company projects net sales of $20-$22 billion for Industrial Activities by 2024, with an adjusted EBIT margin of ~12%-13%. Key financial targets include an adjusted EPS over $1.70, a gross margin exceeding 24%, and cumulative free cash flow surpassing $4.4 billion. Investments in R&D will increase to $2.6 billion, focusing on precision technologies and alternative fuels.

CNH Industrial (NYSE: CNHI) announces the launch of CNH Industrial Ventures, its new strategic investment arm, aimed at enhancing innovation within the agriculture and construction sectors. This initiative is set to accelerate time-to-market for disruptive technologies and boost customer productivity while advancing ESG targets. The focus includes Alternative Propulsion, Digital, Autonomy, and Robotics. The company aims to leverage its extensive market reach to collaborate with rapidly growing startups to drive customer-inspired innovations.

CNH Industrial (NYSE: CNHI) is hosting its Capital Markets Day at The Fillmore Theater in Miami Beach, Florida, on February 22, 2022. Presentations will begin at 12 noon EST / 6:00 p.m. CET, covering various segments, including Agriculture, Construction, and Sustainability. Key executives will present updates on the company's 2024 Strategic Business Plan and related financial strategies. All presentations will be available later on the CNH Industrial corporate website.

Case IH, part of CNH Industrial (NYSE: CNHI), has launched the Connected Farm project in Água Boa, Brazil, enhancing digital connectivity in a key agricultural region. Collaborating with TIM Brazil, Case IH is investing in 4G infrastructure to facilitate data reporting and monitoring via its AFS Connect Center. This initiative aims to boost productivity, reduce resource consumption, and optimize logistics for farmers, demonstrating the potential impact of connectivity on agriculture and community development.

Raven Aerostar, a subsidiary of CNHI, has secured a $3.6 million subcontract with TCOM L.P. to supply its Vista F25 radar systems for the KSA Modified Persistent Surveillance Systems - Tethered in Saudi Arabia.

This contract is part of a Foreign Military Sales program with the U.S. Army and will span five years, concluding on March 23, 2027. The advanced radar systems aim to enhance military communications and intelligence activities, utilizing advanced algorithms for precise target detection.

CNH Industrial reported robust financial results for the 2021 fiscal year, achieving consolidated revenues of $33.4 billion, a 28% increase year-on-year. The company posted a net income of $1.76 billion and an adjusted diluted EPS of $1.35. Free cash flow reached $1.75 billion, marking a period of strong operating performance. Particularly, Adjusted EBIT from Industrial Activities hit $2.11 billion, the highest in company history, bolstered by growth across all segments.