CNH reports increase in net income

CNH Global recently reported fourth quarter 2006 net income of $35 million, up significantly from the net income of $7 million in the forth quarter of 2005. Fourth quarter diluted earnings per share were $0.15, compared to $0.03 per share in 2005.

Net income for the full year equaled $292 million, up 79 percent from 2005; while full year diluted earning per share were $1.23, compared to $0.70 in 2005.

CNH’s equipment operations gross margin improvement continued into the fourth quarter, as well. The margin was up 1.9 percentage points compared to 2005, and up 2.1 percentage points for the full year compared to 2005.