CNH INDUSTRIAL N.V. - CNHI STOCK NEWS

New Holland, a CNH brand, has partnered with Bluewhite, an AI-driven autonomous farming technology company, to enhance autonomous capabilities for New Holland tractors in North America. The collaboration focuses on distribution, manufacturing, and integration of Bluewhite's autonomous solutions, enabling fully autonomous operations in orchards, vineyards, and specialty crop sectors.

Bluewhite's technology, which utilizes AI, sensor fusion, and precision farming, has been proven to reduce operational costs by up to 85% through savings in inputs, labor, and maintenance. This partnership aims to address challenges such as labor shortages and rising operational costs in the specialty crop market, while bolstering New Holland's strategy to provide autonomous solutions across all segments it serves.

CNH and its brand CASE IH have partnered with the National University of Córdoba (UNC) to enhance the education of future agricultural professionals. The collaboration aims to connect the local machinery and agricultural technology industry with students and professionals in agricultural sciences. Key highlights include:

1. Implementation of open innovation and leveraging technologies for effective training.
2. 400 students visited the CNH plant in Cordoba, touring the Training Center, manufacturing lines, Ecological Island, and Control Room.
3. The 'Week of the Harvester' event was organized by Máquinas del Centro, an official Case IH dealer, on the university campus.

This initiative demonstrates CNH's commitment to promoting education and fostering the next generation of agricultural experts.

Case IH, a CNH brand, is expanding its professional training project to Tarumã and Ribeirão Preto in São Paulo, Brazil. The initiative will offer over 1,400 training courses in machine maintenance, Digital Agriculture specializations, and Young Apprentice programs. In Tarumã, a free 18-month Heavy Machinery Maintenance Technician course will provide 40 vacancies every cycle. Ribeirão Preto will host three different training courses in partnership with Senai, including Agricultural Machinery Maintenance and Digital Agriculture. This expansion aims to address the shortage of specialized labor in the agricultural sector and prepare farmers for advancing digital agriculture technologies.

CASE Construction Equipment, a CNH brand, has launched a new line of compact crawler tractors with 100% Brazilian production. The Contagem plant in Belo Horizonte's Metropolitan Region received R$ 50 million in investments to become the World Production Hub for CASE's crawler tractor line, covering six models from 6 to 22 tons.

The new tractors feature enhanced environmental performance, with pollutant emission control exceeding legislative requirements. They offer superior grip and optimized weight distribution, allowing use on unstable terrain without soil compaction. Lauren Batista, CASE product specialist, highlights the tractors' combination of productivity and eco-efficiency, serving a new market niche with benefits like easy transportation and adaptability to reduced spaces.

CNH New Holland, a brand of CNH (NYSE: CNHI), has launched the WORKMASTER 105, the first-ever Made-in-India 100+HP tractor. This milestone product for the Indian tractor industry features a TREM-IV emission standard compliant engine, bringing world-class technology to Indian customers. The tractor boasts a 106 HP FPT Engine, 3,500 kg lift capacity, electro-hydraulic 4WD engagement, and an air-suspended seat with adjustable backrest. Narinder Mittal, Country Manager & Managing Director of CNH India & SAARC, emphasized the tractor's proven performance in demanding markets like the USA and its potential to set a new benchmark for high horsepower tractors in India.

CNH, a leading equipment, technology, and services company, has been certified as one of the best companies to work for in Latin America by Great Place to Work (GPTW) for the sixth consecutive year. This certification is based on employee feedback from CNH's factories and offices in Brazil and Argentina, considering factors such as management, belonging, compensation, benefits, and career opportunities.

Rafael Miotto, president of CNH for Latin America, emphasized the company's commitment to promoting diversity, team integration, respect, and good governance practices. Darilene Raftopulos, CNH's VP of Human Resources for Latin America, highlighted the company's focus on creating an inclusive and innovative work environment aligned with sustainability practices.

New Holland, a CNH brand, showcased innovative products at the 18th Bahia Farm Show in Brazil. The highlight was the FieldOps™ application for agricultural management, which aids farmers in decision-making based on fleet information and agronomic data analysis. Eduardo Kerbauy, New Holland's VP for Latin America, emphasized their commitment to delivering ideal solutions for all farmer profiles.

The exhibition also featured T8 and T9 PLM Intelligence high-power tractors, equipped with Precision Land Management technology. These tractors, fully connected to FieldOps, enhance fleet management and support agricultural operations. The sustainable technology aims to reduce costs in seeds, pesticides, and fuel while improving efficiency and fleet management.

New Holland, a brand of CNH, has unveiled its new flagship CR10 combine harvester, following the preview of the CR11 model at Agritechnica. Both harvesters are built at New Holland's Centre of Excellence in Zedelgem, Belgium, and feature innovative technology to increase output, minimize losses, and reduce harvesting costs for large farming enterprises.

The CR10 is equipped with a 12.9-litre FPT Cursor 13 engine generating 635hp and a 16,000-litre grain tank. In comparison, the CR11 boasts a 15.9-litre FPT Cursor 16 engine producing 775hp and a 20,000-litre grain tank. Key features of both models include longer twin rotors and the new Twin-Clean cleaning system, designed to enhance output, sample quality, and loss minimization.

CNH Industrial N.V. (NYSE: CNHI) reported a 16% decline in Q2 2024 consolidated revenue to $5.49 billion due to lower industry demand. Diluted EPS dropped to $0.34 from $0.52 in Q2 2023, with adjusted diluted EPS at $0.38. Net income fell 38% year-over-year to $438 million. Net sales of Industrial Activities decreased 19% to $4.80 billion. Financial Services revenue increased 14% to $687 million.

Cash flow from operations was $379 million, with Industrial Free Cash Flow at $140 million. CNH returned $1.2 billion to shareholders in H1 2024 through dividends and share repurchases. The company updated its full-year guidance due to weaker market conditions, expecting adjusted diluted EPS between $1.30 and $1.40, down from previous guidance of $1.45 to $1.55.

Segment-wise, Agriculture net sales fell 20% to $3.91 billion, and Construction net sales decreased 16% to $890 million. The restructuring program is on track, aiming for a 10-15% reduction in SG&A expenses.