The agricultural and construction equipment manufacturer CNH Industrial reports adjusted earnings per share well above analysts’ expectations for the third quarter. At the same time, the company raises its full-year earnings guidance.
Revenue amounted to USD 4,354 million (4,399), a decrease of 1.0 percent compared with the previous year.
Net profit fell to USD 35 million (67). The result was negatively affected by a one-off tax expense of USD 156 million.
Adjusted net profit rose to USD 205 million (109), an increase of 88 percent.
Earnings per share amounted to USD 0.02 (0.06). Adjusted earnings per share came to USD 0.16 (0.08), compared with the expected USD 0.097 according to an analyst consensus from Bloomberg.
CNH raises its guidance for adjusted earnings per share to USD 0.44–0.48 from the previous USD 0.41–0.46. Analysts’ expectations stand at USD 0.45.
Guidance for industrial free cash flow is raised to USD 300–450 million from USD 200–400 million.
Guidance for the agricultural segment’s adjusted operating margin is narrowed to 5.1–5.4 percent from 5.0–5.5 percent. For the construction equipment segment, the lower end of the range is raised to 2.0 percent from 1.8 percent, while the upper end remains at 2.3 percent.
The company expects tariff refunds, related reinvestments and prevailing market conditions combined to have a limited net effect on the previously communicated guidance ranges.
Key figures, USD millionActualConsensusVarianceQ3 2025ChangeRevenue4,354––4,399−1.0%Adjusted net profit205––109+88.1%Net profit35––67−47.8%Adjusted earnings per share, USD0.160.097+64.9%0.08+100%Earnings per share, USD0.02––0.06−66.7%
