8-K
filed February 14, 2024, 6:59 PM ET
ticker CNH
CIK 0001567094
earnings
confidence high
sentiment neutral
materiality 0.80
CNHI Q4 net income $617M ($0.46 EPS), revenue down 2%; new $500M buyback; 2024 guidance soft
CNH Industrial N.V.
2023-FY EPS reported
$1.76
revenue$24,687,000,000
- Q4 net income $617M vs $592M YoY; diluted EPS $0.46 vs $0.43, revenue $6.79B (-2%).
- Agriculture net sales $4.95B (-8%), adj EBIT margin 13.5% (+40bps); Construction net sales $1.07B (+9%), margin 5.8% (+230bps).
- FY2023 net income $2.38B (+17%), diluted EPS $1.76, adjusted EPS $1.70; revenue $24.7B (+5%).
- 2024 outlook: Ag net sales -8% to -12%, adj margin 14-15%; Const net sales -7% to -11%, margin 5-6%; adj EPS $1.50-$1.60.
- Board authorized $500M share buyback program, to start after completion of existing $1B program.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CNH Industrial N.V. reported the twelve months ended December 31, 2023 results: revenue $24.7 billion, net income $2,383 million, EPS $1.76.
- Period
- the twelve months ended December 31, 2023
- Revenue
- $24.7 billion
- Net income
- $2,383 million
- EPS
- $1.76
- Result
- reported results
Exact text from the filing
Full year 2023 consolidated revenues were $24.7 billion, up 5% year-over-year, with Net sales of Industrial Activities at $22.1 billion, up almost 3%. Full year net income was $2,383 million compared to 2022 net income of $2,039 million. Full year diluted earnings per share was $1.76, up $0.27 from $1.49 in 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CNH Industrial N.V. reported the fourth quarter of 2023 results: revenue $6.79 billion, net income $617 million, EPS $0.46.
- Period
- the fourth quarter of 2023
- Revenue
- $6.79 billion
- Net income
- $617 million
- EPS
- $0.46
- Result
- reported results
Exact text from the filing
Q4 2023 net income of $617 million and diluted earnings per share of $0.46, compared with net income of $592 million and diluted earnings per share of $0.43 in Q4 2022. Consolidated revenue was $6.79 billion in the quarter
View on SEC.gov
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