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CNH Industrial (CNH)
NYSE:CNH
Holding CNH?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.19Last Year’s EPS
$0.42Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -4.21%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging quarter for CNH with significant revenue declines and lowered guidance due to weak market conditions. However, the company highlighted successful cost reduction efforts and maintained strong cash flow generation, signaling resilience and focus on future growth through technology integration.Company Guidance
During CNH Industrial's Q2 2024 earnings call, the company provided guidance reflecting a challenging market environment. Consolidated revenues were down by 16%, and industrial net sales decreased by 19%, with industrial adjusted EBIT margin at 11.2%, a decline of 260 basis points year-over-year. Adjusted EPS dropped to $0.38 from $0.52 in the previous year. The agriculture sector experienced a production hour reduction of 30% from Q2 2023, while construction was down 20%. The company plans further production cuts in the second half of 2024, with agriculture down by 25% and construction by 20% compared to the previous year. Full-year industrial net sales are expected to decrease by 15% to 20%, with agriculture's EBIT margin revised down to 13% to 14%. Industrial free cash flow is projected between $700 million and $900 million, and adjusted EPS is expected to be between $1.30 and $1.40. CNH is focusing on cost optimization, having already saved $128 million in COGS and $105 million in SG&A year-to-date, with further savings anticipated.Cost Reduction Programs Yield Results
Cost of goods sold savings of $128 million year-to-date and $105 million SG&A savings year-to-date due to focused efforts on logistics, manufacturing, and material costs.
Strong Cash Flow Generation
Despite lower sales, CNH remains a cash-generating business and returned $1.2 billion to shareholders in dividends and share buybacks in the first half of 2024.
Precision Ag Focus
Continued investment in precision ag and technology integration, with plans to accelerate the convergence of equipment and precision technology.
Second Highest Q2 Gross Margin on Record
Agriculture gross margin at 24.4%, the second highest for Q2 after last year's record.
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CNH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $11.63 | $10.66 | -8.34% |
| Jul 31, 2024 | $10.17 | $10.65 | +4.72% |
| May 02, 2024 | $10.88 | $11.22 | +3.12% |
| Feb 14, 2024 | $11.35 | $12.05 | +6.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CNH Industrial (CNH) report earnings?
CNH Industrial (CNH) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is CNH Industrial (CNH) earnings time?
CNH Industrial (CNH) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNH EPS forecast?
CNH EPS forecast for the fiscal quarter 2024 (Q4) is $0.19.
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