Consolidated revenues were $4.65 billion (down 22% compared to Q3 2023) and Net sales of Industrial Activities were $4.00 billion (down 25% compared to Q3 2023).
Agriculture net sales decreased for the quarter by 20% to $3.91 billion, primarily due to lower shipment volumes on decreased industry demand and dealer inventory requirements across all regions.
CNH Industrial N.V. (NYSE: CNHI) reported results for the three months ended March 31, 2024, with net income of $402 million compared with net income of $486 million for the three months ended March 31, 2023.
CNH Industrial announced its fourth quarter and full year 2023 results on Feb. 14. Full year 2023 consolidated revenues were $24.7 billion, up 5% year-over-year.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at how the latest round of interest rate cuts will impact dealers’ floorplan payments.
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