Farm and construction equipment maker CNH Industrial on Thursday slashed its annual profit forecast, hurt by subdued demand for its machines amid economic uncertainty triggered by U.S. President Donald Trump’s sweeping tariffs.
CNH Industrial lowers annual profit forecast on softening equipment demand
CNH Industrial shares fall after third-quarter profit miss, forecast cut
Shares of CNH Industrial fell more than 10 per cent premarket on Friday, after the farm and construction equipment maker missed third-quarter profit estimates and cut its 2024 profit forecast due to weak demand and reduced dealer inventory requirements.
CNH Industrial lowers profit forecast on slow demand for farming products
Farm and construction equipment maker CNH Industrial on Wednesday lowered its 2024 profit forecast for the second time, as slowing demand for its tractors and combines keeps hopes for a recovery in the second half of the year muted.
CNH to move to NYSE single listing Jan. 2
Company also plans new US$1B share buyback
Milan | Reuters — Farm and construction equipment maker CNH Industrial said Tuesday its plan to abandon the Milan stock market and retain a single listing for its shares on the New York Stock Exchange would be effective from Jan. 2 next year. The Italian-American group, whose shares are currently traded both on the NYSE […] Read more
CNH puts full-electric utility tractors on deck
New Holland T4, Farmall 75C due out early 2024
Heavy equipment firm CNH plans to get two new all-electric utility tractor models onto at least a few dealer lots in 2024 — including one it bills as a first in the tractor market. CNH’s New Holland Agriculture arm said Monday its T4 Electric Power model, “the first all-electric utility tractor with autonomous features,” will […] Read more
CNH enlists Sask. manufacturer for new windrower draper heads
Honey Bee to partner on new small-grain swathing combos
A new manufacturing partnership will see New Holland’s Speedrower Plus and Case IH’s WD5 windrower lines put to work swathing small grains and canola — and put made-in-Saskatchewan faces forward as they do. Case IH and New Holland’s parent firm CNH and Honey Bee Manufacturing say they’ve set up a partnership agreement for compatibility between […] Read more
CNH raises revenue guidance on robust tractor demand
Price increases support profit margins
Milan | Reuters — Farm and construction equipment maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped expectations in the first quarter, aided by a strong order backlog and resilient demand for its large tractors. The company increased its revenue outlook for industrial activities to between eight and 11 per […] Read more
Colorado’s ag equipment right-to-repair bill signed into law
Bills introduced in 16 states
Reuters — Colorado’s governor signed the nation’s first right-to-repair legislation into law on Tuesday, giving the state’s farmers and ranchers the autonomy to fix their own equipment. The bill, which requires manufacturers such as Deere and Co. to provide manuals for diagnostic software and other aids, garnered bipartisan support as farmers grew increasingly frustrated with […] Read more
CNH sheds Russian business
New Holland, Case IH maker had suspended shipments last year
The maker of Case IH and New Holland tractors and combines is selling its business activities in Russia for about US$60 million. CNH Industrial, which employs about 200 people in Russia, announced the divestment in a release Wednesday without naming the buyer. CNH in March last year suspended all shipments and supplies to Russia and […] Read more
CNH to buy Outback Guidance’s parent firm
Case IH, New Holland maker to pay US$175 million for Hemisphere
CNH Industrial, parent of the Case IH. New Holland, Steyr and Flexi-Coil farm equipment brands, has signed a cash deal to buy satellite positioning tech firm Hemisphere GNSS, parent of the Outback Guidance aftermarket GPS, precision ag and autosteer business. CNH announced Thursday it will pay $175 million for Hemisphere, which has been owned since […] Read more
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