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• Full Year Diluted EPS of $1.23 up 76% from 2005
• Equipment Operations full year gross margin up 2.1 percentage points
• Equipment Operations net debt declined $456 million from 2005
• Additional profit growth expected in 2007

• The company continued to improve its product value positioning with customers and was able to maintain pricing at a higher level than its total economics and currency-related cost increases, resulting in another quarter of positive net price recovery for both Agricultural and Construction Equipment operations.
• Restructuring costs totaling $58 million, net of taxes, were booked in the quarter, principally related to the actions announced in October, aimed at readjusting CNH's organizational structure to evolving business needs.
• The company adopted the FASB's SFAS No. 158 at year-end 2006, whereby CNH recognized the funded status of its pension and other post-retirement benefit plans on its balance sheet.  The result was a reduction of CNH's Shareholders' Equity by $397 million, net of tax.
• Research and development spending increased 17% from the same period in 2005, reflecting CNH's continued investments in product innovation and quality.

• Agricultural equipment net sales increased 6% to $1.9 billion, compared with the prior year.  Excluding currency variations, net sales were up 2%.
• Net sales, excluding currency variations, were up 48% in Latin America, 20% in Rest of World markets and 7% in Western Europe, but down 14% in North America.
• Sales increased due to positive effects of exchange rate changes, positive pricing and sales of new products.  Unfavorable volume and mix was a partial offset, as increased unit sales of specialty harvesting and hay & forage products were offset by lower sales of tractors and combines, as the company under-produced worldwide retail sales of agricultural tractors and combines by 15% to reduce inventories.

• Construction equipment net sales increased 6% to $1.1 billion, compared to the prior year.  Net sales were up 2% excluding currency variations.
• Net sales increased 18% in Western Europe in a strong industry environment, 31% in Latin America and 36% in Rest-of-World markets, excluding currency variations.  Net sales in North America declined 15%, excluding currency variations, in a weaker industry environment.
• Net sales increased due to positive effects of exchange rate changes and positive pricing.  Unfavorable volume and mix was a partial offset, as increased unit sales of light construction equipment products, including backhoe loaders and compact track loaders were offset by lower sales of heavy construction equipment, as the company under-produced worldwide retail sales of construction equipment by 4%.

• Agricultural equipment gross margin increased in both dollars and as a percent of net sales compared to the prior year.  Positive net price recovery and new products more than offset the impact of the company's actions to reduce inventories.
• Construction equipment gross margin also increased both in dollars and as a percent of net sales.  Positive net price recovery and improved product mix more than offset the impact of the company's actions to reduce inventories.  

• The company's improved product value positioning with customers allowed it to maintain pricing at a higher level than its total economics and currency-related cost increases, resulting in positive net price recovery for both Agricultural and Construction Equipment Operations.
• Research and development spending increased 21% from 2005, reflecting CNH's continued investments in product innovation and quality. 
• Restructuring costs totaling $71 million, net of taxes, were booked in the year, principally related to the actions announced in October.
• Inventory levels at the end of 2006 of 4.0 forward months of supply, were slightly lower than at the end of 2005.

• Agricultural equipment net sales of $7.8 billion were essentially the same as in 2005.  Excluding currency variations, net sales were down 1%.  Net sales increased for positive pricing, favorable effects of exchange rate changes and sales of new products.  Unfavorable volume and mix was the offset, from weaker combine industry sales in the company's major markets and the impact of the company's actions to under-produce retail unit sales of its major agricultural equipment products.  Net sales, excluding currency variations, were up 10% in Rest of World markets, 14% in Latin America and 1% in Western Europe, but down 10% in North America.
• Construction equipment net sales increased 9% to $4.3 billion, compared to the prior year.  Net sales increased for positive pricing, sales of new products, favorable volume and mix and favorable effects of exchange rate changes.  Net sales were up 8% excluding currency variations.  Net sales increased 12% in Western Europe, 37% in Latin America and 24% in Rest-of-World markets, excluding currency variations.  Net sales in North America declined 3%, excluding currency variations, in a weaker industry environment.  The company's production of total heavy and light construction equipment was equal to retail unit sales, for the full year.

• Agricultural equipment gross margin increased both in dollars and as a percent of net sales compared to the prior year.  Positive net price recovery and manufacturing efficiencies, more than offset the impact of company actions to reduce inventories and weaker combine industry volumes.
• Construction equipment gross margin also increased both in dollars and as a percent of net sales.  Positive net price recovery, higher volumes and manufacturing efficiencies contributed to the improvement.

• The Case IH Axial-Flow 2388 combine and its edible bean kit were the gold medal winners of the "Outstanding" Category in Brazil's 2006 Gerdau Melhores da Terra contest.
• Bolstered by launches of the CR and CSX combines in Europe, New Holland again confirmed its leading position in the combine market.
• Case Construction launched new Tier 3 wheel loaders and dozers featuring more spacious cabs and improved operating systems boosting productivity and fuel efficiency.
• Case's new Tier 3 articulated trucks offered improved reliability and durability, better controls and ease of maintenance.
• New Holland Construction launched pilot controls on skid steer loaders and compact track loaders in North America to enhance ease of operation and maneuverability.
• New Holland Construction's new Tier 3 wheel loaders, launched in North America and Europe, offer new cabs with greater top visibility during loading operations.
• Construction Equipment Magazine's "Top 100 Products for 2006" included New Holland Construction's E215-ME excavator and its entire backhoe product line.
• In November, CNH Capital America, LLC.  and Maserati North America, Inc. formed  Maserati Financial Services, becoming the  preferred financing source for Maserati dealers throughout the U.S., with innovative lease and finance solutions designed exclusively for Maserati customers.

2007

• Case IH North America will launch its revolutionary new "Module Express" cotton picker, which will reduce labor and machinery expense for cotton growers by providing a cotton gin friendly on-board module builder. 
• New Holland will launch two of its most important tractor lines in the 100 to 213 horsepower range, the T6000 and T7000.
• In Latin America, New Holland will launch a new line of narrow tractors and other product upgrades with new mechanical transmissions and re-powered engines. 
• Case Construction will launch a new Tier 3 backhoe, celebrating its 50th Anniversary of loader backhoe leadership.
• Case Construction's new Tier 3 hydraulic excavators will offer a step change improvement in fuel efficiency and productivity, with an industry leading operator environment.
• New Holland Construction will launch important new features and models of compact track loaders, skid steer loaders, telehandlers, hydraulic excavators, wheel loaders and dozers to address the needs of landscapers and contractors.

• Net sales of equipment: approximately $13 billion
• Industrial operating margin: between 7.6 and 8.4%