secwatch.observer — SEC 8-K summary
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Issuer:     CNH Industrial N.V. (CNH)
CIK:        0001567094
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001628280-24-004631
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567094/000162828024004631/0001628280-24-004631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567094/000162828024004631/cnhi-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-004631

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer