CNH Industrial reports strong full year performance in 2021, the last year of operations prior to the demerger of Iveco Group effective January 1, 2022. Consolidated revenues of $33.4 billion (up 28% year on year), net income of $1,760 million, with adjusted diluted EPS of $1.35, and adjusted EBIT of Industrial Activities of $2,114 million the highest in Company history. Free cash flow of Industrial Activities positive $1,751 million.
Financial results presented under U.S. GAAP

“I am proud of, and profusely thankful for, how our CNH Industrial team managed through a difficult year. Between external challenges: COVID, supply chain, etc. and internal opportunities: spin, Raven acquisition and integration, and our customer focused reorganization, they rose to every occasion while still exemplifying our renewed focus on delivering for our customers and dealers. Their efforts drove Company record revenue and earnings per share, and it is especially rewarding to generate such results in our final year as a combined entity. This performance represents a solid foundation for both Iveco Group and CNH Industrial’s future success, particularly as it includes our second consecutive year of net cash, with over $1.7 billion of positive free cash flow of Industrial Activities for 2021. In Q4 we outperformed expectations by managing our supply chain, specifically microchip shortages, better than anticipated, and while these pressures are likely to persist, so is our team’s demonstrated ability to overcome them. With continued strength in our end markets and order books, and a comprehensive strategy for the future, CNH Industrial is excited to enter 2022 as a pure play in agricultural and construction equipment.”

Scott W. Wine, Chief Executive Officer

(1) Fino al 31 dicembre 2021, CNH Industrial N.V. possedeva e controllava i business di Commercial and Specialty Vehicles e di Powertrain, e il relativo business dei Servizi Finanziari (insieme il “Business di Iveco Group” o il “Business di On-Highway”), nonché i business di Agriculture e di Construction e il relativo business dei Servizi Finanziari (insieme il “Business di Off-Highway”). Con effetto dal 1° gennaio 2022, il Business di Iveco Group è stato separato da CNH Industrial N.V. ai sensi della Sezione 2:334a (3) del Codice Civile Olandese (Burgerlijk Wetboek) mediante una scissione legale (juridische afsplitsing) a favore di Iveco Group N.V. (la “Scissione”). Le informazioni finanziarie presentate in questa sezione si riferiscono a CNH Industrial prima della Scissione (“CNH Industrial Pre-Scissione”).

(2) Questa voce è un indicatore finanziario “non-GAAP”. Si veda la sezione “Informazioni finanziarie Non-GAAP” del presente comunicato stampa per una descrizione degli indicatori finanziari “non-GAAP”. Si veda la tabella specifica nella sezione “Altre informazioni economico-finanziarie addizionali” del presente comunicato stampa per la riconciliazione tra l’indicatore finanziario “non-GAAP” e l’indicatore finanziario “GAAP” più comparabile.