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CNH Industrial Sales are Up
USAgNet - 11/08/2018

CNH Industrial N.V. announced consolidated revenues of $6.6 billion for the third quarter of 2018, in line with the third quarter of 2017. Net sales of Industrial Activities were $6.2 billion in the third quarter of 2018, flat compared to the third quarter of 2017.

Net income of $231 million for the third quarter of 2018 included a pre-tax gain of $30 million ($23 million net of tax impact) as a result of the amortization over approximately 4.5 years of the $527 million positive impact from the modification of a healthcare plan following the favorable judgment issued by the United States Supreme Court, as previously announced by the company on April 16, 2018.

In the third quarter of 2017, net income included a charge of $39 million related to the repurchase of notes, as well as $53 million of restructuring charges (compared to $8 million in the third quarter of 2018).

Adjusted net income was $222 million for the third quarter of 2018 compared to $151 million in the third quarter of 2017, with an adjusted diluted EPS of $0.16 ($0.11 in the third quarter of 2017).

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