secwatch.observer — SEC 8-K summary
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Issuer:     CNH Industrial N.V. (CNH)
CIK:        0001567094
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001628280-24-019752
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CNH Industrial Q1 2024 EPS $0.31, revenue $4.82B; cuts full-year guidance on weaker ag demand
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- Consolidated revenue $4.82B (-10% YoY); diluted EPS $0.31 vs $0.35 YoY; adjusted diluted EPS $0.33.
- Agriculture segment net sales $3.37B (-14%); adj. EBIT margin 12.5% (down 200 bps from 14.5%).
- Construction segment net sales $758M (-11%); adj. EBIT margin 6.7% (+150 bps from 5.2%).
- Full-year guidance cut: Agriculture net sales now -11% to -15% (prev -8% to -12%); adj. diluted EPS $1.45-$1.55 (prev $1.50-$1.60).
- Industrial free cash flow absorption $1.209B in Q1; FY FCF guidance lowered to $1.1-$1.3B from $1.2-$1.4B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1567094/000162828024019752/0001628280-24-019752-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1567094/000162828024019752/cnhi-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019752

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