CNH Industrial Reports Q3 2026 Results and Announces Strategic Shift Toward Agriculture Focus
CNH Industrial (CNH) reported third-quarter consolidated revenue of $4.4 billion, a 1% decline driven by mixed regional performance in the agricultural sector. Despite lower volumes in South America and EMEA, the company saw growth in North America and Asia Pacific. A significant highlight was the strategic move toward becoming a pure-play agriculture company through a joint venture with Kobelco Construction Machinery, involving the sale of a 70% stake in its construction business for an estimated $700 million in cash proceeds intended for debt reduction. Financial performance was bolstered by operational efficiencies and $71 million in tariff refunds, leading to an adjusted diluted EPS of $0.16. While the agriculture segment faced headwinds from low commodity prices and weather conditions in EMEA, the construction segment saw a 5% sales increase. Management raised its full-year adjusted diluted EPS guidance to a range of $0.44 to $0.48, reflecting improved confidence in cash flow and operational execution.
Topics: EPS Joint Venture Sale Revenue Segment Performance Tariff Refunds
Read the full article at Motley Fool
Part of the story Bakkt Reports Q3 2026 Financial Results Amid Strategic Shift to Stablecoin Infrastructure (5 articles)