CNH INDUSTRIAL N.V. - CNHI STOCK NEWS

CNH Industrial has released its 2020 Sustainability Report companion guide, titled A Sustainable Year. This year marks its first interactive online magazine format. The report highlights CNH's commitment to sustainability amid pandemic challenges, showcasing initiatives from employee safeguarding to community support. It also covers significant achievements in carbon emission reduction, digitalization in operations, and diversity promotion. The interactive edition is available online, providing an engaging overview of CNH's sustainability efforts and strategic targets.

On May 17, 2021, CNH Industrial (NYSE: CNHI) announced that its subsidiary, CNH Industrial Capital LLC, priced $600 million in 1.450% notes due 2026. The offering, set to close on May 24, 2021, will fund general corporate purposes and potentially repay existing debts. Interest on these senior unsecured notes will be paid semi-annually, starting January 15, 2022, and they will mature on July 15, 2026. The notes are guaranteed by two subsidiaries and are part of a shelf registration statement filed with the SEC.

On May 17, 2021, CNH Industrial N.V. (NYSE: CNHI) announced plans by its subsidiary, CNH Industrial Capital LLC, to offer new notes, subject to market conditions. These notes will be guaranteed by two wholly-owned subsidiaries. The net proceeds will be utilized for general corporate purposes and debt repayment. The offering is supported by leading financial institutions acting as underwriters and is conducted under a shelf registration statement with the SEC. This move aims to strengthen CNH Industrial's financial position.

CNH Industrial has set an ambitious goal of achieving zero-waste across its manufacturing plants in Brazil. Led by Fabio Belasco, the company has implemented various initiatives, including waste-reduction programs and worm farms, to change employee mindsets about waste. As a result, six of seven plants have reached zero waste to landfill a year ahead of schedule, with 99.7% of waste recycled across South America. Additionally, the company has reduced overall waste by 15% in the past two years, reflecting its commitment to sustainability and Life Cycle Thinking.

CNH Industrial announced its 2021 first quarter results, showcasing a remarkable performance with consolidated revenues reaching $7.5 billion, a 37% increase compared to Q1 2020. Net income stood at $425 million, while adjusted diluted EPS was $0.32. Industrial Activities net cash reached $0.6 billion as of March 31, 2021. The company reported an adjusted EBIT of $545 million, driven by strong demand in Agriculture and Commercial Vehicles, marking a significant recovery from $148 million loss a year prior.

CNH Industrial N.V. (NYSE: CNHI) has appointed Parag Garg as Chief Digital Officer and Marc Kermisch as Chief Information Officer for Off Highway business, enhancing its Senior Leadership Team. This follows the earlier appointment of Kevin Barr as Chief Human Resources Officer. These appointments aim to bolster customer-centricity and strengthen CNH Industrial’s digital offerings, innovation, and IT infrastructure. Garg brings over 20 years of experience from T-Mobile and Amazon, while Kermisch has over two decades of experience from OptumRx. Barr joined from Terex Corporation, bringing extensive HR expertise.

CNHI (NYSE: CNHI) will announce its Q1 2021 financial results on May 5, 2021, with a live conference call starting at 3:30 p.m. CEST. Investors can access the webcast via this link. A replay will be available for two weeks after the event on the company's website. CNHI is a global leader in the capital goods sector, offering a range of products across various brands including Case IH and Iveco. More information is accessible at www.cnhindustrial.com.