Agriculture net sales were up 26%, due to favorable price realization and better mix, mostly driven by North America and South America, partially offset by the negative impact of foreign
exchange rates.
Net sales of Industrial Activities of $7,537 million, up 23%, with increases in all segments due to continued strong industry demand and price realization.
CNH Industrial has announced a new strategic structure as an integral part of the Company’s transition into an organization that will lead in the agriculture and construction sectors following the spin-off of Iveco Group.
Raven Industries has announced that, at a special meeting held on Sept. 15, 2021, its shareholders voted strongly to approve the pending transaction with CNH Industrial.
According to a report from The Hawk Eye, CNHI has announced it will move production of bulldozers and headers at its Burlington, Iowa, plant to not-yet disclosed facilities outside the U.S.
CNH Industrial reported a strong second quarter performance, including consolidated revenues of $8.9 billion (up 60% compared to Q2 2020) and net income of $699 million.
CNH Industrial reported strong results for the fourth quarter of 2020, with consolidated revenues of $8.5 billion (up 10%) and adjusted EBIT of Industrial Activities of $520 million (up 73%).
Recent quarterly earnings reports for the major farm machinery manufacturers were described as either “better than expected” or “could have been worse,” according to several industry analysts. This is to say, at least, AGCO and Deere exceeded analysts’ expectations. (CNH Industrial didn’t.)
The company confirmed that 75% of its European facilities and 60% of its plants in North America, South America and the Rest of the World were open and operational to varying degrees.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
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