CNH Industrial NV

CNH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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CNH Earnings: 2024 Guidance Slashed After Rough Third Quarter, but We Maintain Valuation

Brian Bernard

Nov 8, 2024

Sales from industrial activities (excluding financial services) plunged 25% year over year to $4 billion, with adjusted EBIT margin narrowing 340 basis points to 8.4%. CNH management now sees full-year sales down 22%-23% (versus a 15%-20% decline previously) with adjusted EPS roughly 20% lower.

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CNH Industrial NV

CNH Earnings: 2024 Guidance Slashed After Rough Third Quarter, but We Maintain Valuation

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