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GlobeNewswire·

CNH Industrial N.V. Reports Third Quarter 2026 Results

CNH
  • Consolidated revenues for Q3 2026 were $4.4 billion, approximately flat year-over-year compared to $4.399 billion in Q3 2025.
  • Reported net income was $35 million ($0.02 per diluted share), down from $67 million ($0.06 per share) in the prior year, impacted by a $156 million non-cash valuation allowance charge.
  • Adjusted net income for Q3 2026 reached $205 million ($0.16 adjusted diluted EPS), more than doubling the $109 million ($0.08 adjusted EPS) recorded in Q3 2025.
  • The quarter included $109 million in pre-tax IEEPA tariff refunds, which significantly boosted adjusted results across Agriculture, Construction, and Financial Services segments.
  • Agriculture segment net sales were $2.91 billion (down 2%), while adjusted EBIT increased 26% to $173 million with a 6.0% margin.
  • Construction segment net sales grew 5% to $777 million, with adjusted EBIT surging 364% to $65 million due to tariff refunds and lower SG&A expenses.
  • Financial Services reported a net loss of $77 million due to the valuation allowance charge, though adjusted net income rose 72% to $79 million.
  • Net cash provided by operating activities was $686 million, while free cash flow used in Industrial Activities was $10 million.
  • CNH announced a joint venture agreement with Kobelco to establish CNH's Construction Equipment business under Kobelco's majority ownership.
  • Full-year 2026 guidance was updated to reflect net IEEPA tariff refund impacts after reinvesting nearly all refunds in one-off inventory clearance and R&D acceleration.
  • Updated 2026 outlook includes Agriculture adjusted EBIT margin between 5.1%–5.4% and Construction adjusted EBIT margin between 2.0%–2.3%.
  • Free cash flow for Industrial Activities is now forecast between $300 million and $450 million, with adjusted diluted EPS projected between $0.44 and $0.48.
  • Management noted volatile conditions in EMEA and Brazil, while improving cycle indicators in North America reinforce confidence in the path ahead.
Company
CNH Industrial N.V.
Keywords
NYSE:CNH, CNH Industrial N.V.