NYSE$CNH
CNH Industrial NV · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Delivered record results in the first year as a pure play in Agriculture and Construction with a strong fourth quarter.
CNH Industrial delivered a strong fourth quarter contributing to record full year revenue and income. Sharp execution and improving supply chain management generated $1.6B of full year industrial free cash flow.
- Consolidated revenues of $6,943 million (up 26.7% compared to Q4 2021 for continuing operations)
- Net income of $592 million, Adjusted Net Income of $486 million, with diluted EPS of $0.43 and adjusted diluted EPS of $0.36
- Adjusted EBIT of Industrial Activities of $680 million (up $302 million compared to Q4 2021)
- Net cash provided by operating activities of $1,443 million and Industrial Free Cash Flow of $2,049 million
Headline financials
Revenue & EPS history
CNH Industrial · Revenue · Quarterly
$6.94B
Revenue by segment
CNH Industrial · $6.93B total across 3 segments · Q4 2022
- Agriculture$5.37B+29.4%77.5%
- Construction$983M+16.5%14.2%
- Financial Services$577M+20.7%8.3%
Forward guidance
The Company is providing the following 2023 outlook for its Industrial Activities:
Tailwinds
- Net sales up between 6% and 10% year on year including currency translation effects
- SG&A up, no more than 5% vs 2022
- Free Cash Flow of Industrial Activities between $1.3bn and $1.5bn
- R&D expenses and capital expenditures at around $1.6bn
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
-0.2%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+2.0%
Avg return
30 days after
50%
27 / 54 earnings
Positive
+8.6%
Q4 2021
Best reaction
-10.0%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.3% | +2.4% | +1.3% | |
| Q4 2025 | +2.7% | +2.4% | -20.9% | |
| Q3 2025 | -5.9% | +0.7% | -8.0% | |
| Q1 2025 | +7.4% | +7.0% | +8.1% | |
| Q3 2024 | -7.9% | -11.4% | +3.5% | |
| Q2 2024 | -0.6% | -4.1% | +1.7% | |
| Q1 2024 | +1.3% | +5.0% | -6.8% | |
| Q4 2023 | +4.5% | +2.8% | +4.4% | |
| Q3 2023 | -9.6% | -12.2% | -3.7% | |
| Q2 2023 | -6.0% | -5.7% | -14.9% | |
| Q1 2023 | +5.9% | +4.3% | +0.0% | |
| Q4 2022 | -10.0% | -10.1% | -4.9% | |
| Q3 2022 | +6.5% | +14.7% | +20.5% | |
| Q2 2022 | +2.5% | +1.9% | +1.6% | |
| Q1 2022 | +3.4% | -0.3% | +5.5% | |
| Q4 2021 | +8.6% | +8.8% | -0.3% | |
| Q3 2021 | -1.0% | -2.4% | -6.2% | |
| Q2 2021 | +0.1% | -0.5% | +1.1% | |
| Q1 2021 | +7.9% | +11.1% | +18.3% | |
| Q4 2020 | +2.9% | +4.6% | +9.5% | |
| Q3 2020 | +8.6% | +10.8% | +33.2% | |
| Q2 2020 | -9.7% | -2.7% | +6.0% | |
| Q1 2020 | -6.9% | -3.3% | +30.8% | |
| Q4 2019 | -7.2% | -3.1% | -11.0% | |
| Q3 2019 | -4.7% | -2.9% | -9.0% | |
| Q2 2019 | -4.8% | -8.9% | +1.5% | |
| Q1 2019 | -5.5% | -6.6% | -13.4% | |
| Q4 2018 | +2.3% | +4.4% | +2.3% | |
| Q3 2018 | -3.8% | -8.8% | -10.2% | |
| Q2 2018 | +8.6% | +10.2% | +10.6% | |
| Q4 2017 | -2.4% | -0.5% | -6.1% | |
| Q1 2018 | +4.6% | +4.2% | +5.4% | |
| Q3 2017 | +8.0% | +7.6% | +7.4% | |
| Q2 2017 | -1.0% | -0.6% | -4.4% | |
| Q1 2017 | +2.8% | +2.4% | +5.8% | |
| Q4 2016 | -2.0% | +2.0% | +3.4% | |
| Q3 2016 | -3.9% | -6.9% | +10.8% | |
| Q2 2016 | -0.8% | +0.9% | +4.7% | |
| Q1 2016 | +3.7% | — | — | |
| Q4 2015 | +6.2% | — | — | |
| Q3 2015 | +2.0% | — | — | |
| Q2 2015 | -1.9% | — | — | |
| Q1 2015 | -0.4% | — | — | |
| Q4 2014 | +3.9% | — | — | |
| Q3 2014 | +0.4% | — | — | |
| Q2 2014 | -1.3% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q1 2014 | -5.9% | — | — | |
| Q4 2013 | -5.7% | — | — | |
| Q3 2013 | -7.6% | — | — | |
| Q2 2013 | +2.1% | — | — | |
| Q1 2013 | -9.4% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | +0.3% | — | — |
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