New York Stock Exchange
NYSE

11.24 USD +1.26%

Borsa Italiana

10.21 EUR +0.94%

Data delayed 15 mins. See terms

2016 First Quarter Results

​​​​

CNH INDUSTRIAL 2016 FIRST QUARTER REVENUES OF $5.4 BILLION AND OPERATING PROFIT OF INDUSTRIAL ACTIVITIES OF $178 MILLION; IMPROVED PROFITABILITY IN THREE OUT OF FOUR INDUSTRIAL SEGMENTS

Financial results presented under U.S. GAAP (1) (2)

  • Continued demand strength in Commercial Vehicles segment (+18% in Europe) buffered impact from challenging trading conditions in Agricultural Equipment business
  • Industrial Activities operating margin of 3.5%, with year-over-year operating profit and margin improvements achieved in Commercial Vehicles, Construction Equipment and Powertrain businesses
  • Agricultural Equipment operating margin at 4.2% despite significant underproduction in NAFTA row crop sector
  • Net industrial debt of $2.5 billion, with industrial operations cash flow improved by $375 million as compared to Q1 2015
  • Full year guidance reaffirmed


Summary of Results under U.S. GAAP ($ million except EPS)
1st Quarter
2016
2015
Change
Revenues
5,372
5,960
-9.9%
Net income (loss)
(513)
23
-536
Adjusted net income (2)
1
33
-32
Basic EPS ($)
(0.38)
0.02
-0.40
Diluted EPS ($)
(0.38)
0.02
-0.40
Adjusted diluted EPS (2) ($)
0.00
0.02
-0.02




(1) CNH Industrial reports quarterly and annual consolidated financial results under U.S. GAAP and EU-IFRS. The tables and discussion related to the financial results of the Company and its segments shown in this press release are prepared in accordance with U.S. GAAP. Financial results under EU-IFRS are shown in specific tables at the end of this press release

(2) Refer to the Non-GAAP Financial Information section of this press release for information regarding Non-GAAP financial measures.

​​
  • 2016 First Quarter Results