CNH Industrial full-year revenue flat, but 9% profit gain in 4Q adds to overall positive 2013

|  January 30, 2014 |

CNH_IndustrialFollowing a down third quarter, CNH Industrial saw an increase in profit for the fourth quarter add to an overall positive 2013 for the company.

CNH Industrial reported this morning that full-year net revenues were flat at $35 billion (€25.8 billion). Meanwhile, net profit rose 2 percent from 2012 to $1.2 billion (€917 million).

For the fourth quarter, the company reported a 1.1-percent decrease in net revenues to $9.3 billion (€6.9 billion), and a 9-percent increase in net profit to $230 million (€170 million).

The company reported that a strong demand for agricultural equipment in 2013 offset difficulties in construction equipment. Full-year net revenues in the Agricultural and Construction Equipment division finished nearly flat, dipping 0.3 percent to $21 billion (€16 billion.) During the fourth quarter, net revenues fell 3.8 percent to $5.2 billion (€3.9 billion).

In 2013, CNH Industrial saw construction equipment net revenues fall 16.4 percent from 2012. Agricultural equipment revenues were up 3.6 percent.

The company’s Trucks and Commercial Vehicles business saw a 1.9-percent decrease in full-year net revenues to $12 billion (€8.8 billion) while fourth quarter net revenues were down 0.3 percent to $3.6 billion (€2.7 billion).

The brightest spot on the company’s financial report was its Powertrain division. The division saw full-year net revenues increase 13.6 percent to $4.4 billion (€3.3 billion) with fourth quarter net revenues up 19 percent to $1.3 billion (€985 million).

Looking forward to 2014, the company projects improvements in both its trucks /commercial vehicles and construction equipment businesses to offset expected decline in demand for agricultural equipment.

CNH Industrial is forecasting revenues to finish between flat and up 5 percent in 2014.

Do you want some tips to stay safe on the job site?

Equipment World has created an entire section devoted to safety.

Click here to check it out. »


Here are the most recent tips we've posted:

Hauling headaches: Know your load limits when trailering equipment

One-man machines: The operator should be the only person on a wheel loader