Free Post Earnings Research Report: CNH Industrial’s Revenues Jumped 17%; Adjusted EPS Rocketed 250%

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LONDON, UK / ACCESSWIRE / May 23, 2018 / If you want access to our free earnings report on CNH Industrial N.V. (NYSE: CNHI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CNHI. CNH Industrial reported its first quarter fiscal 2018 operating and financial results on April 27, 2018. The truck, tractor, and bus maker outperformed top- and bottom-line expectations. Additionally, the Company provided guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Astec Industries, Inc. (NASDAQ: ASTE), which also belongs to the Industrial Goods sector as the Company CNH Industrial. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, CNH Industrial most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

CNH Industrial announced consolidated revenues of $6.77 billion for the first quarter of 2018, up 17% compared to Q1 2017 revenues of $5.79 billion. The Company's reported numbers topped analysts' estimates of $6.16 billion.

CNH Industrial's net sales of Industrial Activities surged 19% $6.30 billion in Q1 2018 compared to $5.29 billion in Q1 2017. Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of Industrial Activities surged 40% to $547 million compared to $391 million for the year ago same period, with an adjusted EBITDA margin of 8.7%, up 1.3 percentage points (p.p.) compared to the year ago corresponding period.

For Q1 2018, CNH Industrial's net income was $202 million, or $0.14 per diluted share, compared to $46 million, or $0.03 per diluted share, for Q1 2017. The Company's adjusted net income was $0.14 per diluted share compared to $0.04 in the year earlier same quarter. CNH Industrial's earnings beat Wall Street's estimates of $0.08 per share.

CNH Industrial's Segment Results

During Q1 2018, the Agricultural Equipment segment`s net sales increased 15% to $2.58 billion on a y-o-y basis, driven by higher sales volumes and positive net price realization. The segment's adjusted earnings before interest and tax (EBIT) was $186 million in the reported quarter versus $115 million in the year earlier comparable quarter. The Agricultural Equipment's adjusted EBIT margin increased 2.1 p.p. to 7.2%, driven by favorable volume, better mix, and higher production levels, with NAFTA row crop production matching retail demand.

For Q1 2018, the Construction Equipment segment`s net sales surged 36% to $682 million, due to solid rebound in worldwide demand and market share gains across most regions. The segment' achieved breakeven adjusted EBIT in the reported quarter, from a negative adjusted EBIT of $31 million in the year earlier same quarter. Results were favorably impacted by higher sales volume due to improved end-user demand as well as the related 30% increase in production.

The Commercial Vehicles segment`s net sales advanced 17% to $2.50 billion on a y-o-y basis, primarily due to higher industry volumes in the light commercial vehicle market in Europe. The segment's adjusted EBIT was $49 million for the reported quarter, up from $17 million in the year earlier same quarter. Adjusted EBIT margin increased 1.2 p.p. to 2.0% in Q1 2018.

During Q1 2018, the Powertrain segment's net sales increased 19% to $1.19 billion, as a result of higher sales volume in engine applications. The segment's adjusted EBIT was $95 million for the reported quarter, a $21 million increase compared to the year earlier corresponding quarter, with an adjusted EBIT margin of 8.0%, up 0.6 p.p. on a y-o-y basis, on the back of higher volumes and manufacturing efficiencies.

Cash Matters

CNH Industrial's net industrial debt of $1.9 billion at March 31, 2018, increased by $1.0 billion from December 31, 2017, as a result of normal seasonality in working capital in Q1 2018. The Company's total debt of $24.7 billion at March 31, 2018, was down $1.2 billion compared to December 31, 2017, primarily due to the repayment at maturity of the remaining outstanding CNH Industrial Finance Europe S.A.'s 6.25% Notes of approximately $1 billion. At March 31, 2018, the Company's available liquidity was $7.6 billion, down $1.7 billion compared to December 31, 2017.

During Q1 2018, CNH Industrial repurchased 6.8 million of its common shares for a total amount of $90 million under the buy-back program authorized by the Annual General Meeting of Shareholders (AGM) held on April 14, 2017. The program has been reauthorized and increased to $700 million from $300 million.

Outlook

For full year 2018, CNH Industrial is forecasting net sales of Industrial Activities of approximately $28 billion. The Company is expecting adjusted earnings in the band of $0.65 to $0.67 per diluted share. CNH Industrial is expecting net industrial debt at the end of 2018 to be unchanged between $0.8 billion and $1.0 billion.

Stock Performance Snapshot

May 22, 2018 - At Tuesday's closing bell, CNH Industrial's stock marginally fell 0.47%, ending the trading session at $12.82.

Volume traded for the day: 1.27 million shares.

Stock performance in the last month – up 4.31%; previous six-month period – up 2.31%; and past twelve-month period – up 15.60%

After yesterday's close, CNH Industrial's market cap was at $17.01 billion.

Price to Earnings (P/E) ratio was at 30.82.

The stock has a dividend yield of 1.33%.

The stock is part of the Industrial Goods sector, categorized under the Farm & Construction Machinery industry.

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