UK's CNH Industrial Q4 revenue beats estimates, helped by construction unit growth

Overview

• UK-based industrial equipment maker's Q4 consolidated revenue rose 6%, beating analyst expectations

• Adjusted net income for Q4 beat analyst expectations

• Company prepares for lower agricultural equipment demand in 2026

Outlook

• CNH forecasts 2026 agriculture segment net sales to be down 5% to flat year-over-year

• Company expects 2026 agriculture segment adjusted EBIT margin between 4.5% and 5.5%

• CNH sees 2026 construction segment net sales about flat year-over-year

Result Drivers

• AGRICULTURE SALES - Agriculture segment net sales increased 5% due to favorable price realization and positive foreign exchange impacts

• CONSTRUCTION SALES - Construction segment net sales rose 19% driven by higher shipment volumes and favorable price realization, especially in North America

• FINANCIAL SERVICES - Financial Services net income rose 18% due to improved interest margins across all regions

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

• Wall Street's median 12-month price target for CNH Industrial NV is $12.00, about 5.9% below its February 13 closing price of $12.75

• The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNX8Cfxp

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