CNH Industrial Q1 2023: record revenues $5.34B, EPS $0.35 vs $0.24, raises FY sales guidance

CNH Industrial N.V.

2023-Q1 EPS reported $0.35 revenue$5,342,000,000

Consolidated revenues $5,342M (+15% YoY); net income $486M, diluted EPS $0.35 (vs $0.24 Q1 2022).
Agriculture net sales $3,927M (+16%); adjusted EBIT $570M, margin 14.5% (up 190 bps).
Construction net sales $849M (+6%); adjusted EBIT $44M, margin 5.2% (up 120 bps).
Industrial free cash flow -$673M, improved from -$1,059M in Q1 2022.
Updated FY 2023 outlook: net sales +8-11% YoY, FCF $1.3-1.5B, R&D/capex ~$1.6B.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CNH Industrial N.V. reported first quarter of 2023 results: revenue $5,342 million, net income $486 million, EPS $0.35. Guidance raised.

Period: first quarter of 2023
Revenue: $5,342 million
Net income: $486 million
EPS: $0.35
Guidance: raised
Result: reported results

Exact text from the filing

CNH Industrial Reports Record First Quarter 2023 Results Q1 Consolidated revenues of $5,342 million (up 15% compared to Q1 2022) Net income of $486 million and Adjusted Net Income of $475 million, with diluted EPS and adjusted diluted EPS of $0.35 (adjusted diluted EPS of $0.28 in Q1 2022)

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Source: SEC EDGAR

accession 0001193125-23-136592

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