CNH Industrial N.V. is a global leader in the capital goods sector, specializing in the design, manufacturing, and distribution of equipment for agriculture and construction, as well as providing financial services. The company operates through a diverse portfolio of brands, offering advanced machinery, precision technology, and tailored financial solutions to customers worldwide. With a strong presence across multiple geographic regions, CNH serves a wide range of industries, enhancing productivity and efficiency through innovative products and services.
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Agriculture - Designs and manufactures agricultural machinery, including tractors, combines, harvesters, planting and seeding equipment, and precision agriculture technology. Key brands include New Holland Agriculture, Case IH, and STEYR.
- Precision Agriculture - Offers advanced digital technology and autonomous systems through the Raven brand and high-performance satellite positioning technology via Hemisphere.
- Regional Brands - Includes Flexi-Coil for tillage and seeding systems and Miller for application equipment.
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Construction - Produces a full range of construction equipment such as excavators, dozers, graders, loaders, and attachments. Products are sold under brands like CASE Construction Equipment, New Holland Construction, and Eurocomach.
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Financial Services - Provides financing solutions for purchasing or leasing new and used equipment, wholesale financing for dealers, and trade receivables factoring. Collaborates with the Iveco Group's Financial Services segment in Europe and supports Iveco operations in other regions.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Stefano Pampalone Executive | President of Construction | None | Stefano Pampalone has been with CNH since 1998, holding various roles including COO for Asia Pacific and General Manager for the Middle East and Africa. He became President of Construction in 2019. |
Research analysts who have asked questions during CNH Industrial earnings calls.
Angel Castillo
Morgan Stanley
1 question for CNH
Avi Jaroslawicz
UBS Group
1 question for CNH
Daniela Costa
Goldman Sachs
1 question for CNH
David Raso
Evercore ISI
1 question for CNH
Jamie Cook
Truist Securities
1 question for CNH
Kristen Owen
Oppenheimer & Co. Inc.
1 question for CNH
Kyle Menges
Citigroup
1 question for CNH
Michael Shlisky
D.A. Davidson
1 question for CNH
Tami Zakaria
JPMorgan Chase & Co.
1 question for CNH
Ted Jackson
Northland Securities, Inc.
1 question for CNH
Tim Thein
Raymond James Financial
1 question for CNH
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Hemisphere GNSS | 2023 | CNH Industrial acquired Hemisphere GNSS for $175 million (free of cash and debt) to strengthen its precision, automation, and autonomy technologies for agriculture, construction, and related industries; the deal closed on October 12, 2023 after meeting regulatory and shareholder conditions. |
Bennamann LTD | 2023 | CNH Industrial obtained a controlling interest (50.0085%) in Bennamann LTD, paying approximately $51 million in cash; the acquisition involved adjustments to preliminary goodwill ($118 million) and intangible assets ($46 million), with minimal material impact on consolidated results. |
Augmenta Holding SAS | 2023 | Acquired to enhance its precision agriculture “Sense & Act” capabilities, CNH Industrial paid $79 million in cash plus a $10 million deferred payment (enterprise value of $110 million) for Augmenta, whose multispectral camera and software technology was integrated into the Raven brand; the acquisition was announced on March 13, 2023, with closure expected in Q1 2023. |
Specialty Enterprises LLC | 2022 | CNH Industrial completed the acquisition of Specialty Enterprises LLC on May 16, 2022, a manufacturer of agricultural spray booms and accessories; the deal increased Goodwill in the Agriculture segment by $43 million, with asset and liability valuations still subject to measurement period adjustments. |
Recent press releases and 8-K filings for CNH.
- CNH reported Q3 2025 adjusted EPS of $0.08 and industrial adjusted EBIT of $104 million, a 69% decrease from last year, primarily due to lower industry demands, tariffs, and geographic mix.
- The company updated its full-year 2025 guidance, forecasting total industry net sales to be down 10-12% year over year, with margins between 3.4%-3.9%, free cash flow in the $200-$500 million range, and EPS between $0.44 and $0.50.
- For 2026, global industry retail demand is expected to be flat to slightly down compared to 2025, with North America large ag slightly down and EMEA slightly up.
- CNH will unveil several new products and significant upgrades at the 2025 Agritechnica Show, having already received two innovation award silver medals for corn header automation and forage cam.
- CNH reported a 5% decrease in Consolidated Revenues to $4.4 billion and a 78% decrease in Net Income to $67 million for Q3 2025. Adjusted Diluted EPS was $0.08, down from $0.24 in Q3 2024.
- Adjusted EBIT for Industrial Activities significantly declined by 69% to $104 million in Q3 2025, with the Adjusted EBIT Margin for Industrial Activities falling by 560 basis points to 2.8%.
- The company updated its full-year 2025 guidance, projecting Industrial Activities Net Sales to decrease by (12)% - (10)% YoY and Adjusted Diluted EPS to be between $0.44 - $0.50.
- CNH noted global trade shifts affecting farmer and machinery economics, maintained Ag production at low levels, and reported significant dealer inventory reductions. The company also anticipates a 2025 net tariff impact on Industrial Activities of $(150)-(110) million.
- CNH Industrial N.V. reported third quarter 2025 consolidated revenues of $4.4 billion, a 5% decrease compared to Q3 2024, with diluted EPS at $0.06.
- Net income for Q3 2025 was $67 million, a substantial decrease from $310 million in the prior year period.
- The company attributed the results to decreased industry demand, continued channel destocking, incremental tariff headwinds, and an unfavorable geographic sales mix.
- For the full year 2025, CNH Industrial increased its net sales guidance for Industrial Activities to be down between 12% and 10% year-over-year (from a prior guidance of down 19% to 11%) and lowered its adjusted diluted EPS guidance to between $0.44 and $0.50 (from a prior guidance of $0.50 to $0.70).
- CNH Industrial reported consolidated revenues of $4.4 billion for the third quarter of 2025, a 5% decrease compared to Q3 2024, with diluted EPS at $0.06, down from $0.24 in the prior year period.
- Net sales of Industrial Activities were $3.70 billion in Q3 2025, representing a 7% decrease from Q3 2024, primarily driven by lower shipments due to decreased industry demand and channel destocking.
- The company updated its 2025 outlook, increasing net sales guidance but lowering profit guidance to reflect incremental tariff headwinds and an unfavorable geographic sales mix.
- The updated adjusted diluted EPS guidance for 2025 is now between $0.44 to $0.50, and free cash flow of Industrial Activities is projected to be between $200 million and $500 million.
- CNH completed the three-year 'Accelerator' project (2022–2025) at its Harvesting Center of Excellence in Zedelgem, Belgium, on November 4, 2025.
- The project involved a €150 million investment aimed at introducing advanced digital manufacturing methods, pushing the boundaries of automation, AI-supported quality control, and flexible manufacturing.
- This initiative led to a new flexible assembly line, improved material flow, and Advanced Planning Systems, which significantly supported the production of the New Holland CR11 combine harvester.
- CNH received €1.85 million in financial support from the Flemish government to aid this transformation.
- CNH Industrial N.V. (CNH) announced the pricing of its offering of €500,000,000 in principal amount of 3.875% notes.
- The notes are due on September 3, 2035, and were priced at 98.906% of the principal amount.
- The closing of the offering is expected on September 3, 2025, with net proceeds intended for general corporate purposes, including repayment of existing debt.