CNH reports record third quarter net income of $252 million, up 107 percent

Continued strong sales growth in the agricultural equipment business combined with a mix of higher horsepower equipment sales has pushed CNH’s third quarter 2008 diluted earnings per share to more than double that of the third quarter of 2007. This is the eleventh consecutive quarter of year over year improvement according to CNH president and CEO Harold Boyanovsky. Boyanovsky also announced CNH’s 2008’s full year guidance to $3.90 diluted earnings per share, up from the previous estimate of $3.50 before restructuring, after taxes.