CNH Industrial reported a strong second quarter performance, including consolidated revenues of $8.9 billion (up 60% compared to Q2 2020) and net income of $699 million.
Several companies in Argentina are announcing new investments in agricultural machinery factories. The process was already robust at the end of 2020 and consolidated in the first quarter of 2021.
CNH Industrial’s autonomy game is getting a boost thanks to its acquisition of Raven Industries. The deal builds on a long-term partnership between the two companies and will enhance CNH’s position in the market by bringing autonomous and precision ag technology in-house.
In its most recent list, Ag Equipment Intelligence has gathered financial data from the filings of the ag industry’s key publicly-traded manufacturers and compiled its own list of these companies’ executives’ compensations.
As work proceeds apace to deliver the previously announced spin-off of its On-Highway business, CNH Industrial N.V. has named Gerrit Marx as the designated Chief Executive Officer of the new entity, which is expected to assume independent operations in early 2022.
According to its most recent earnings report, CNH Industrial posted consolidated revenue of $26 billion in 2020, down 7.3% from $28 billion in 2019. Revenue from the agriculture segment was down 0.4% in 2020.
With the retirement of former CNH Industrial CEO Hubertus Mühlhäuser in early 2020 and following Suzanne Heywood’s period as interim CEO, CNH Industrial recently appointed its newest CEO: Scott Wine.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.