Equipment Type

CNH Q4 Construction Revenue Up 33.4 Percent

CNH Industrial N.V announced consolidated revenues of $27,361 million for the full year 2017, up 10 percent compared to 2016.

January 30, 2018
CNH Industrial reported revenues of $27,361 million for the full year 2017

CNH Industrial N.V today announced consolidated revenues of $27,361 million for the full year 2017, up 10 percent compared to 2016.

Net sales of Industrial Activities were $26,168 million for the year, up 11 percent compared to 2016.

In the fourth quarter of 2017, consolidated revenues were $8,102 million, up 16 percent compared to the fourth quarter of 2016.

Net sales of Industrial Activities were $7,798 million for the fourth quarter of 2017, up 17 percent compared to the fourth quarter of 2016. Net income was $3 13 million for the full year 2017.

Construction equipment net sales increased 14 percent in the full year 2017 compared to 2016, up 13 percent on a constant currency basis, due to higher industry volume in all regions except EMEA, and net price realization, primarily in NAFTA and LATAM .

In the fourth quarter of 2017, net sales increased 36  percent compared to the fourth quarter of 2016, up 33  percent on a constant currency basis, driven by market growth in all regions.

2018 Outlook

Worldwide demand for agricultural equipment is expected to improve with all regions flat to up 5 percent on average.

Construction equipment demand is forecasted to be up 5-10 percent in LATAM and APAC while remaining relatively flat to up slightly in EMEA and NAFTA.

Commercial vehicle demand is expected to be up about 15 percent in LATAM and flat to slightly down in EMEA and APAC.

As a result of the forecasted improvement in product demand conditions, and the positive impact of changes in the company’s capital structure, the company is setting its full year 2018 guidance for net sales of Industrial Activities of $27 billion to $28 billion.

Click here for CNH's full report.

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