Quarterly ResultApr 30, 2026, 04:15 PM
CNH Q1 Net Income $7M, down 95%; EPS $0.01
AI Summary
CNH Industrial N.V. reported a significant decline in Q1 2026 net income attributable to common shareholders, falling to $7 million from $131 million in Q1 2025, resulting in basic EPS of $0.01. Total revenues remained flat at $3.826 billion. The Agriculture segment's Adjusted EBIT dropped to $27 million from $139 million, while the Construction segment posted an Adjusted EBIT loss of $28 million, down from a $14 million profit. The company also noted an increase in credit loss allowance, particularly for retail receivables in Brazil due to challenging market conditions.
Key Highlights
- Net income attributable to CNH Industrial N.V. plunged 95% to $7M from $131M YoY.
- Basic earnings per share decreased to $0.01 from $0.10 in the prior year quarter.
- Total Revenues were flat at $3.826B, compared to $3.828B in Q1 2025.
- Agriculture segment Adjusted EBIT fell 80.5% to $27M from $139M YoY.
- Construction segment reported an Adjusted EBIT loss of $28M, down from $14M profit.
- Net cash provided by operating activities decreased to $35M from $162M YoY.
- Allowance for credit losses increased to $632M at March 31, 2026, from $572M at Dec 31, 2025.
- $130M of retail Agricultural receivables in Brazil were refinanced due to market conditions.
Price Impact
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