CNH Industrial Q1 2024 revenues down 10% to $4.82bn due to lower industry demand, with agriculture segment EBIT margin declining 200 bps.
CNH Industrial reports Q1 2024 revenues down 10% to $4.82 billion due to lower industry demand. Diluted EPS stands at $0.31, with adjusted diluted EPS at $0.33. Agriculture segment EBIT margin declines 200 bps to 12.5%, while Construction segment rises 150 bps to 6.7%. Cost reduction programs help mitigate market impact. Full-year guidance is updated to reflect lower agriculture industry projections.
May 02, 2024
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