CNH Construction Equipment Q3 Net Sales Down 21 Percent

November 1, 2012

While global demand for agricultural equipment remained solid and led to a sales increase of 12 percent, sales of CNH Construction Equipment (including the Case, New Holland, and Kobelco brands) were down 21 percent for Q3 2012 versus Q3 2011.

Overall, CNH net sales increased 5 percent for the quarter to $4.8 billion. The breakdown of equipment net sales in Q3 was 83 percent agricultural equipment and 17 percent construction equipment.

The company expects worldwide construction equipment volume to be flat or down 5 percent and confirmed its company-wide guidance for the full year 2012: revenues up 5 or more percent; operating margin in excess of 8.6 percent.