CNH Industrial Reports Q3 2024 Results
Revenue and Net Income Surge
WEB Basildon UK - July 31, 2024 - CNH Industrial NV (CNH) today reported strong financial results for the three months ended June 30, 2024.
Consolidated revenue jumped by 10% year-over-year to reach $5.7 billion. Net income also saw a significant increase, rising by 22% to $590 million.
Strong Performance Across Business Segments
CNH's Construction, Agriculture, and Financial Services segments all contributed to the company's positive performance.
Revenue in the Construction segment grew by 5%, driven by increased demand for agricultural machinery. The Agriculture segment reported a 12% increase in revenue, primarily due to higher sales of tractors and combines.
Financial Services income also rose by 15%, reflecting the growth in the company's financing and insurance operations.
Conclusion
CNH's impressive Q3 2024 results demonstrate the company's solid financial footing and its ability to capitalize on growth opportunities in its key markets. The company's continued focus on innovation and customer service positions it well for future success.
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