---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-136592"
form_type: "8-K"
ticker: "CNH"
cik: "0001567094"
company_name: "CNH Industrial N.V."
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T16:43:56.933771+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-136592
- form_type: 8-K
- ticker: CNH
- cik: 0001567094
- company_name: CNH Industrial N.V.
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1567094/000119312523136592/0001193125-23-136592-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1567094/000119312523136592/d419225d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-136592
- JSON: https://secwatch.observer/filing/0001193125-23-136592.json
- Plain text: https://secwatch.observer/filing/0001193125-23-136592.txt

## Key facts
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1567094/000119312523136592/0001193125-23-136592-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.