CNH INDUSTRIAL N.V. - CNHI STOCK NEWS

STEYR, a brand of CNH, has won a significant accolade for its new STEYR Plus tractor range.

The STEYR Plus, which debuted at Agritechnica 2023, secured the prestigious Red Dot Design Award in the Product Design category. Competing against global entries, the innovative design of STEYR Plus was selected by an international jury of design experts.

The award ceremony will take place on June 24 at the Red Dot Museum in Essen, Germany. The STEYR Plus will also feature in the Red Dot Design Yearbook and be displayed in upcoming Red Dot Design exhibitions.

The STEYR Plus range consists of five models in the 80-120hp category, which is the largest sales sector in Europe. The tractors integrate advanced features such as S-Guide steering automation and S-Fleet telematics, designed to enhance operational efficiency and safety. The new design aims to uphold STEYR's reputation for high-quality, technologically advanced tractors.

CNH has won the prestigious Red Dot Design Award for its new Axial-Flow combine, a product under the Case IH brand. The award highlights the exceptional design and innovative technology of the next-generation Axial-Flow combine, introduced at Agritechnica 2023 and recently debuted globally in North America. The combine is designed to maximize output per engine hour while minimizing grain losses and damage. The design team will receive the award at the 'Red Dot: Best of the Best' ceremony in Essen, Germany, on June 24. The recognition underscores the product's unique engineering and design excellence.

CNH, prioritizing sustainable productivity, has invested in alternative propulsion and innovative technologies. CASE Construction Equipment, a CNH brand, executed the first certified sustainable roadshow in the UK, documented via video and photos. The event, held in Derbyshire, showcased electric construction machinery and carbon-reducing initiatives, including sustainable waste management. After the event, the site was restored, and CASE received the ISO 20121 certification, recognizing sustainable event organization.

CNH Industrial (CNH) releases its 2023 Sustainability Report, showcasing investments in technologies, communities, and global initiatives like the UN's Sustainable Development Goals. The report emphasizes the company's commitment to supporting customers, employees, and local communities.

Case IH, a brand of CNH, partnered with Pakdee College of Commerce of Technology to introduce a Dual Programme in Thailand, donating a sugarcane harvester for hands-on training. The course covers basic maintenance to complex assembly, offering a comprehensive understanding of modern harvester technology. Students earn credits upon completion, with positive feedback on the practical workshop enhancing technical understanding and future career prospects.

Young South African motorcyclists, Deruk and Ulrich van Aswegen, sponsored by CASE Construction Equipment, a brand of CNH, are competing in National Cross Country races in South Africa. They aim for podium finishes and are proud to represent the CASE brand. CNH's support for the young athletes showcases its commitment to empowering youth in various fields.

CNH Industrial N.V. (NYSE: CNHI) announced the results of its 2024 Annual General Meeting, where shareholders re-appointed directors and approved a dividend of $0.47 per common share. The AGM also appointed Deloitte Accountants B.V. as the independent auditor for the 2025 financial year and approved the Company's 2023 financial statements. Concurrently, CNH published its 2023 Sustainability Report aligning with GRI Standards and SASB framework.

CASE Construction Equipment, a CNH brand, celebrates the achievements of women in construction through the inspiring story of Lina Marcela Gonzalez Vásquez, a Commercial Coordinator in Colombia. Despite facing challenges, women like Lina contribute significantly to the sector, fostering gender equality and enriching the industry with diverse perspectives and skills. CNH's support for women reflects a commitment to diversity and inclusion, highlighting the importance of continuous learning and professional growth.

CNH Industrial N.V. reported a 10% decline in first-quarter revenue due to lower industry demand, with diluted EPS at $0.31. The Agriculture segment's adjusted EBIT margin decreased by 200 bps year-over-year, while the Construction segment saw a 150 bps increase. Cost reduction programs are helping mitigate market impacts, and full-year guidance was adjusted to reflect lower agriculture industry projections.