{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-037188","form_type":"8-K","ticker":"CNH","cik":"0001567094","company_name":"CNH Industrial N.V.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.560366+00:00","generated_at":"2026-06-08T15:11:25.308928+00:00","sec_items":["2.02","2.05","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"CNH Industrial Q3 net income $570M; announces restructuring and $1B buyback","bullets":["Q3 net income $570M ($0.42 diluted EPS), revenue $5.99B (+2% YoY); Agriculture margin up 50 bps to 15.3%, Construction margin up 360 bps to 6.3%.","Restructuring: 5% salaried workforce cost reduction with up to $200M pre-tax charges in Q4 2023 and H1 2024.","Board approved delisting from Euronext Milan, single listing on NYSE expected early January 2024.","Board authorized $1.0B share buyback program from Nov 8, 2023 to Mar 1, 2024 to optimize capital structure.","Full-year adjusted EPS target maintained at ~$1.70; Industrial free cash flow guidance narrowed to $1.0-1.2B."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-037188","json":"https://secwatch.observer/filing/0001628280-23-037188.json","markdown":"https://secwatch.observer/filing/0001628280-23-037188.md","text":"https://secwatch.observer/filing/0001628280-23-037188.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1567094/000162828023037188/0001628280-23-037188-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1567094/000162828023037188/cnhi-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T15:11:25.308928+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9f0ebdceac9b034ed6782fa16176e9e8105fb9d6","claim":"CNH Industrial N.V. reported the third quarter of 2023 results: revenue $5.99 billion, net income $570 million, EPS diluted earnings per share of $0.42. Guidance reaffirmed.","evidence_excerpt":"CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today reported results for the three months ended September 30, 2023 with net income of $570 million and diluted earnings per share of $0.42 compared with net income of $559 million and diluted earnings per share of $0.41 for the three months ended September 30, 2022. Consolidated revenues were $5.99 billion (up approximately 2% compared to Q3 2022) and Net sales for Industrial Activities were $5.33 billion (a decrease of approximately 1% compared to Q3 2022).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1567094/000162828023037188/0001628280-23-037188-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter of 2023"},{"label":"Revenue","value":"$5.99 billion"},{"label":"Net income","value":"$570 million"},{"label":"EPS","value":"diluted earnings per share of $0.42"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"21e2ae2d5bb8910604f1f3a3342d4e1ff63a36af","claim":"CNH Industrial N.V. announced a restructuring with charges of up to $200 million affecting Company-wide (approximately 5% of the Company's salaried workforce cost).","evidence_excerpt":"the Company estimates that it will incur pre-tax restructuring and related charges of up to $200 million primarily related to employee severance and benefits cost to be incurred in the fourth quarter of 2023 and the first six months of 2024.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1567094/000162828023037188/0001628280-23-037188-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"up to $200 million"},{"label":"Affected area","value":"Company-wide"},{"label":"Headcount","value":"approximately 5% of the Company's salaried workforce cost"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}