---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-004631"
form_type: "8-K"
ticker: "CNH"
cik: "0001567094"
company_name: "CNH Industrial N.V."
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:20:40.934713+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CNHI Q4 net income $617M ($0.46 EPS), revenue down 2%; new $500M buyback; 2024 guidance soft

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-004631
- form_type: 8-K
- ticker: CNH
- cik: 0001567094
- company_name: CNH Industrial N.V.
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1567094/000162828024004631/0001628280-24-004631-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1567094/000162828024004631/cnhi-20240214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-004631
- JSON: https://secwatch.observer/filing/0001628280-24-004631.json
- Plain text: https://secwatch.observer/filing/0001628280-24-004631.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1567094/000162828024004631/0001628280-24-004631-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1567094/000162828024004631/0001628280-24-004631-index.htm

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