earnings
confidence high
sentiment negative
materiality 0.82
CNH Q3 revenue down 22%, EPS $0.24; cuts full-year guidance on weak demand
CNH Industrial N.V.
2024-Q3 EPS reported
$0.85
revenue$14,960,000,000
- Q3 consolidated revenue $4.65B (-22% YoY); diluted EPS $0.24 (vs $0.40 Q3 2023).
- Agriculture net sales $3.31B (-24%); adj. EBIT margin 10.2% (down from 14.6%).
- Construction net sales $687M (-28%); adj. EBIT margin 5.8% (down from 6.3%).
- Full-year adj. diluted EPS guidance lowered to $1.05-1.15 from $1.30-1.40; Industrial FCF guidance flipped to outflow $100-300M.
- CEO cites elevated dealer inventories; investor day set for May 8, 2025.