---
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"
generated_at: "2026-06-08T15:11:25.308928+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CNH Industrial Q3 net income $570M; announces restructuring and $1B buyback

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-037188
- JSON: https://secwatch.observer/filing/0001628280-23-037188.json
- Plain text: https://secwatch.observer/filing/0001628280-23-037188.txt

## Key facts
- Earnings Releases
  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.
  - Period: the third quarter of 2023
  - Revenue: $5.99 billion
  - Net income: $570 million
  - EPS: diluted earnings per share of $0.42
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1567094/000162828023037188/0001628280-23-037188-index.htm
- Restructurings & Charges
  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).
  - Type: restructuring
  - Charge: up to $200 million
  - Affected area: Company-wide
  - Headcount: approximately 5% of the Company's salaried workforce cost
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1567094/000162828023037188/0001628280-23-037188-index.htm

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