Every material Form 8-K CNH Industrial has filed with the SEC since November 08, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
CNH Industrial reported second-quarter 2026 results with consolidated revenues of $4.8 billion, up 2% from a year earlier, while net income fell 35% to $141 million and diluted EPS fell to $0.11 from $0.17. The company said it expects 2026 results at the higher end of its previously communicated ranges and updated its outlook, including adjusted diluted EPS of $0.41 to $0.46. For shareholders, revenue growth was offset by lower profit, with agriculture earnings down sharply amid a trough in the farm equipment cycle.
Consolidated revenues were $4.8 billion, up 2% year over year; Net sales of Industrial Activities were $4.1 billion, up 3%.
Net income was $141 million versus $217 million in Q2 2025; diluted EPS was $0.11 versus $0.17, and adjusted diluted EPS was $0.13 versus $0.17.
Agriculture adjusted EBIT fell to $170 million from $263 million; Construction adjusted EBIT fell to $15 million from $35 million.
2026 outlook: adjusted diluted EPS of $0.41 to $0.46 and Free Cash Flow of Industrial Activities of $200 million to $400 million.
CNH Industrial announced that Chief Technology Officer Jay Schroeder will retire effective January 1, 2027, and Agriculture Chief Commercial Officer Stefano Pampalone will retire effective September 1, 2026. Eric Shuman, currently Vice President, Precision Technology Product Management, will succeed Schroeder as CTO, while several other leaders take on expanded roles.
Jay Schroeder, Chief Technology Officer, retires effective January 1, 2027; both retirees are expected to stay on in advisory capacities
Eric Shuman, a more than 25-year company veteran, to be appointed Chief Technology Officer effective January 1, 2027
Stefano Pampalone, Agriculture Chief Commercial Officer, retires effective September 1, 2026; Chun Woytera, Carlo Materazzo and Markus Müller take expanded roles
Compensation arrangements for Mr. Shuman have not yet been finalized
CNH Industrial reported first-quarter 2026 net income of $10 million, or $0.01 per diluted share, down from $132 million, or $0.10, a year earlier. Revenue was flat at $3.83 billion, and the company reaffirmed its full-year 2026 outlook, including adjusted diluted EPS of $0.35 to $0.45. The sharp profit decline, driven by weak agriculture demand, tariffs and higher costs, matters to shareholders because it shows earnings pressure that the reaffirmed guidance has not yet reversed.
Q1 2026 net income $10 million vs $132 million in Q1 2025; adjusted net income $21 million
Adjusted EBIT of Industrial Activities was -$45 million vs $101 million; Agriculture adjusted EBIT $27 million vs $139 million
Net cash provided by operating activities $35 million vs $162 million a year earlier
2026 outlook reaffirmed, including Industrial Activities free cash flow of $150 million to $350 million
CNH Industrial N.V. agreed on March 26, 2026 with Citibank Europe plc, UK Branch, as facility agent, to extend the maturity of its €3.25 billion credit facility to April 18, 2031. The filing states that no borrowings were outstanding under the facility as of the agreement date, so the change extends the company's available credit line rather than adding debt.
Credit facility size: €3.25 billion, with maturity extended to April 18, 2031
Agreement dated March 26, 2026, with Citibank Europe plc, UK Branch as facility agent
No borrowings outstanding under the credit agreement as of the agreement date
Full terms are in Exhibit 10.1, the Extension Letter Agreement
Directors Asa Tamsons and Richard J. Kramer notified the board on March 24, 2026 that they will not stand for re-election, and their terms end at the 2026 Annual Meeting. The company said the decisions are not due to any disagreement over its operations, policies or practices. The company has nominated Richard Palmer and Lorenzo Simonelli to replace them after the meeting.
Asa Tamsons and Richard J. Kramer will leave the board when their terms end at the 2026 Annual Meeting.
Notice to the board was given on March 24, 2026; the filing is dated March 26, 2026.
The company says the departures are not the result of any disagreement with the company.
Richard Palmer and Lorenzo Simonelli were nominated as director replacements, per the proxy statement.
CNH Industrial reported fourth-quarter 2025 consolidated revenues up 6% to $5.16 billion, but net income fell 49% to $89 million and diluted EPS fell to $0.07 from $0.14. For full-year 2025, revenues declined 9% to $18.10 billion and net income fell to $505 million from $1,259 million. The company expects global industry retail demand for agricultural equipment to be about 5% lower in 2026 and forecasts 2026 adjusted diluted EPS of $0.35 to $0.45.
Q4 2025 net income was $89 million, versus $176 million in Q4 2024; Q4 included $123 million in non-cash impairment charges tied to the 2021 Raven acquisition and $62 million tied to Monarch Tractor and other minority holdings.
Full-year 2025 consolidated revenues were $18.10 billion, down 9%; full-year diluted EPS was $0.41, versus $0.99 in 2024; adjusted diluted EPS was $0.55, versus $1.05.
2026 outlook: Agriculture net sales down 5% to flat year-over-year; Industrial free cash flow of $150 million to $350 million; adjusted diluted EPS of $0.35 to $0.45.
Full-year 2025 net cash provided by operating activities was $2,538 million, and Industrial free cash flow was $513 million.
CNH Industrial reported third-quarter 2025 net income of $67 million and diluted EPS of $0.06, down from $310 million and $0.24 a year earlier, on consolidated revenues of $4.40 billion, down 5%. The company lowered its 2025 adjusted diluted EPS outlook to $0.44 to $0.50, citing tariff headwinds and an unfavorable geographic sales mix, while raising its net sales guidance.
Q3 2025 net income was $67 million versus $310 million in Q3 2024; diluted EPS was $0.06 versus $0.24.
Adjusted EBIT of Industrial Activities fell 69% to $104 million; Agriculture adjusted EBIT margin was 4.6%, down from 10.2%.
Updated 2025 outlook: adjusted diluted EPS of $0.44 to $0.50; Agriculture net sales down 11% to 13% year over year.
Free cash flow of Industrial Activities was negative $188 million in Q3 2025; 2025 full-year guidance is $200 million to $500 million.
CNH Industrial reported second-quarter 2025 results with consolidated revenues of $4.71 billion, down 14% from a year earlier, and net income of $217 million, down 46%. Diluted earnings per share were $0.17 versus $0.32 a year earlier, and the company reaffirmed its full-year 2025 outlook rather than changing it. For shareholders, the filing shows lower sales and profit from weaker equipment demand and dealer destocking, with the outlook unchanged.
Consolidated revenues were $4.71 billion, down 14%; net sales of Industrial Activities were $4.02 billion, down 16%.
Net income was $217 million versus $404 million; adjusted diluted EPS was $0.17 versus $0.35.
Agriculture adjusted EBIT margin was 8.1% versus 12.8%; Construction adjusted EBIT margin was 4.5% versus 6.7%.
Full-year 2025 guidance was reaffirmed, including Adjusted diluted EPS of $0.50 to $0.70 and free cash flow of Industrial Activities of $100 million to $500 million.
At its May 12, 2025 annual general meeting, CNH shareholders re-elected and appointed all nine director nominees to one-year terms and approved the 2024 financial statements, a $0.25 per share dividend, and an increase of 20,000,000 common shares for the Equity Incentive Plan. The dividend, about $312 million in total, is payable May 30, 2025 to holders of record on May 21, 2025, and the vote results are routine annual meeting matters.
Equity Incentive Plan increased by 20,000,000 common shares, approved with 98.44% of votes cast
Dividend of $0.25 per common share, about $312 million in total, payable May 30, 2025 to holders of record on May 21, 2025
All nine director nominees were appointed or re-appointed to one-year terms; Howard W. Buffett received the lowest support at 78.58% of votes cast
Share repurchase authorization for 18 months from May 12, 2025 was approved with 99.72% of votes cast
CNH Industrial reported first-quarter 2025 revenue of $3.83 billion, down 21% from a year earlier, with diluted EPS of $0.10 versus $0.29. The company also lowered several 2025 forecasts, including adjusted diluted EPS of $0.50 to $0.70, down from $0.65 to $0.75, citing lower industry demand and trade uncertainty. Shareholders face lower expected earnings for the year, though cost reductions are partly offsetting the sales decline.
Q1 2025 consolidated revenues were $3.83 billion, down 21%; net income was $132 million versus $369 million a year earlier
Adjusted diluted EPS guidance cut to $0.50 to $0.70 from $0.65 to $0.75; Agriculture adjusted EBIT margin guidance lowered to 7% to 9% from 8.5% to 9.5%
Free cash flow of Industrial Activities guidance now $100 million to $500 million, from $200 million to $500 million previously
Investor Day scheduled for May 8, 2025, from 9:00 a.m. to noon EDT
CNH Industrial said CFO Oddone Incisa will step down effective May 6, 2025, and James (Jim) Nickolas, previously CFO of Martin Marietta, will become CFO and principal accounting officer on that date. The filing says Nickolas will present the financial portion of the company's Strategic Business Plan at its May 8, 2025 Investor Day, so the change places a new finance chief in charge ahead of that presentation. The filing discloses no financial results.
Nickolas succeeds Incisa as CFO effective May 6, 2025; Incisa remains an employee through May 31, 2025.
Nickolas's employment agreement, dated April 9, 2025, sets a base salary of $825,000 and a one-time restricted stock unit grant of no less than $4,500,000.
Nickolas will receive a supplemental equity award of no less than $3,600,000 that cliff vests in 2030.
Incisa is eligible to receive €4,201,485 under Italian collective bargaining requirements for senior employees.
CNH Industrial N.V. agreed on March 24, 2025 to extend the maturity of its €3.25 billion credit facility to April 19, 2030, with Citibank Europe Plc, UK Branch as facility agent. The filing states no borrowings are outstanding under the facility, so the amendment extends available committed financing without adding current debt.
Credit facility size: €3.25 billion
New maturity date: April 19, 2030, agreed March 24, 2025
No borrowings outstanding under the Credit Agreement as of the filing date
Amendment text filed as Exhibit 10.1; signed by Chief Legal and Compliance Officer Roberto Russo on March 28, 2025
CNH Industrial reported fourth-quarter 2024 revenue of $4.88 billion, down 28%, and net income of $176 million, down from $583 million a year earlier. For full year 2024, revenue fell 20% to $19.84 billion and net income fell 45% to $1,259 million, and the company expects 2025 Agriculture net sales to fall 13% to 18%, which points to further weakness for shareholders.
Q4 2024 diluted EPS was $0.14 versus $0.44 in Q4 2023; adjusted diluted EPS was $0.15 versus $0.39
Full year 2024 diluted EPS was $0.99 versus $1.69 in 2023; adjusted diluted EPS was $1.05 versus $1.63
2025 outlook: Agriculture net sales down 13% to 18%, Construction net sales down 5% to 10%, adjusted diluted EPS of $0.65 to $0.75
Management said challenging market conditions will continue at least through the first half of 2025
CNH Industrial entered an employment agreement with Stefano Pampalone, its Agriculture Chief Commercial Officer, on January 8, 2025, replacing his prior compensation arrangements. The filing sets his base salary, bonus target and severance terms, which matter to shareholders as a disclosed executive pay and retention commitment.
Base salary of 564,270 Swiss Franc (approximately $619,000); target bonus of 80% of base salary
Annual long-term incentive awards with a grant date value of no less than 200% of base salary
Severance of 9 months base salary for a qualifying termination; 21 months if termination occurs within 24 months after a change of control
CNH Industrial reported third-quarter 2024 net income of $310 million, or $0.24 per diluted share, down from $540 million and $0.40 a year earlier, as consolidated revenue fell 22% to $4.65 billion on weaker industry demand and elevated dealer inventories. The company lowered its full-year 2024 outlook, with adjusted diluted EPS now expected at $1.05 to $1.15, down from $1.30 to $1.40, and Industrial Free Cash Flow now expected to be an outflow of $100 million to $300 million. For shareholders, the reduced outlook points to lower earnings and cash generation for 2024.
Q3 2024 net income was $310 million and diluted EPS was $0.24, versus $540 million and $0.40 in Q3 2023.
Consolidated revenue was $4.65 billion, down 22%; Agriculture net sales fell 24% to $3.31 billion and Construction net sales fell 28% to $687 million.
2024 adjusted diluted EPS outlook was cut to $1.05 to $1.15 from $1.30 to $1.40; the company said about $0.08 of the change relates to an accounting revision.
Industrial Free Cash Flow outlook moved to an outflow of $100 million to $300 million from a prior inflow of $700 million to $900 million.
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