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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (74983)2/14/2024 8:05:36 AM
From: E_K_S  Read Replies (2) of 78717
 
Re: CNH Industrial N.V.(CNHI) - earnings beat & authorizes $500 million stock buy back

CNH Industrial N.V. Reports Fourth Quarter and Full Year 2023 Results

Fourth quarter net income increased by 4% year-over-year despite consolidated revenue declining by 2%

Fourth quarter Agriculture segment adjusted EBIT margin up 40 bps year-over-year to 13.5%; Construction up 230 bps to 5.8%

Full year net income up 17% year-over-year on a 5% increase in consolidated revenue

Full year diluted EPS reaches $1.76; adjusted diluted EPS at $1.70

Cost reduction programs expected to improve through-cycle margins

Company announces additional $500 million share buyback program

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