2016 THIRD QUARTER RESULTS
CNH Industrial 2016 third quarter revenues of $5.7 billion, with net income of $39 million and
net industrial debt of $2.7 billion at quarter-end
Financial results presented under U.S. GAAP(1)
- Adjusted net income(2)(3) was $68 million in the third quarter of 2016, with adjusted diluted EPS(2) of $0.05
- Operating profit(2) of Industrial Activities was $248 million in the third quarter of 2016, with operating margin of 4.5%; year-over-year operating profit and margin improvements were achieved in Agricultural Equipment, Powertrain and Commercial Vehicles
- In the quarter the Company repurchased $450 million in principal amount of 7.875% Notes due 2017, and issued $600 million in principal amount of 4.50% Notes due 2023
- CNH Industrial announced today its agreement to acquire the agricultural grass and soil implement business of Kongskilde Industries to expand its offering in tillage, seeding and hay & forage segments
- Full year guidance reaffirmed
Summary of Results
($ million except EPS)
($ million except EPS)
Nine Months Ended September 30
Three Months Ended September 30,
2016
2015
Change
2016
2015
Change
17,874
18,768
-4.8%
Revenues
5,749
5,850
-1.7%
(345)
17
-362
Net income (loss)
39
(128)
167
285
212
73
Adjusted net income
68
38
30
(0.25)
0.02
-0.27
Basic EPS ($)
0.03
(0,09)
0.12
(0.25)
0.02
-0.27
Diluted EPS ($)
0.03
(0,09)
0.12
0.21
0.16
0.05
Adjusted diluted EPS ($)
0.05
0.03
0.02
(1) CNH Industrial riporta i propri risultati trimestrali e annuali consolidati sia secondo gli U.S. GAAP sia secondo gli EU-IFRS. Le tabelle che seguono ed i commenti dei risultati economico-finanziari del Gruppo e per segmento si riferiscono a dati predisposti secondo gli U.S. GAAP. I risultati economico-finanziari predisposti secondo gli EU-IFRS sono presentati in specifiche tabelle alla fine del presente comunicato stampa.
(2) Questa voce è un indicatore finanziario non-GAAP. Si veda la sezione
(3) Si veda la tabella specifica nella sezione “Altre informazioni economico-finanziarie addizionali” del presente comunicato stampa per la riconciliazione tra “Utile (perdita) netta” e “Utile netto adjusted”.