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 Global easily surpassed analysts estimates for its first-quarter earnings, which continues to reinforce the strength of agriculture fundamentals particularly in North America.
While CNH surprised many analysts with its fourth quarter and year-end earnings report on January 25, its financial outlook for 2010 remains hazy at best.
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We’ve been busy over here in the Technology Corner preparing for the 10th annual Precision Farming Dealer Summit, taking place Jan. 6-7 in downtown Louisville, Ky. Skip Klinefelter, CEO of Ag Technology Solutions Group in Greenville, Ill., will be one of several speakers sharing their unfiltered perspective on the state of precision ag.