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AI brief of an SEC Form 8-K · CNH Industrial (CNH)

CNH Industrial cuts 2024 EPS outlook to $1.05-$1.15 as Q3 revenue falls 22%

Negative Impact 4 of 5 guidance Written later

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.

Key points

  • 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.

The filing

CompanyCNH Industrial (CNH)
Form8-K, current report
Filed with the SECNov 8, 2024, 6:34 AM ET
Accession number0001628280-24-046490

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 08, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.