• 26-JUL-2018

CNH Industrial - 2018 Second Quarter Results


The following is an extract from the “CNH Industrial 2018 second quarter results” press release. The complete press release can be consulted in the accompanying PDF:
CNH Industrial reported 2018 second quarter consolidated revenues up 15% to $8.0 billion, with net income up 73% to $408 million, or $0.29 per share.
Net industrial debt decreased by 33% to $1.3 billion
•    Industrial Activities net sales increased 16% (up 13% on a constant currency basis) primarily driven by double-digit improvements in the Agricultural and Construction Equipment segments

•    Adjusted EBIT of Industrial Activities increased 44% to $571 million, with a 7.5% margin (up 1.4 percentage points). Adjusted EBITDA of Industrial Activities at $843 million, with an 11.1% margin

•    Adjusted net income was $397 million (a $142 million increase, or up 56%, compared to the second quarter of 2017), with adjusted diluted EPS of $0.28 (up $0.10 per share)

•    Net industrial debt was $1.3 billion at June 30, 2018, $0.6 billion lower than at March 31, 2018, as a result of a strong operating cash generation in the quarter (up 58% compared to the second quarter of 2017)

•    Full year guidance updated as follows: net sales of Industrial Activities unchanged at approximately $28 billion, adjusted diluted EPS increased to between $0.67 and $0.71 per share. Net industrial debt guidance improved to between $0.7 billion and $0.9 billion 
London, July 26, 2018