Deere & Co cut the lower end of its annual profit forecast on Thursday but topped Wall Street expectations for second-quarter results aided by cost-saving measures and inventory management, sending its shares up five per cent.
Tag Archives CNH Industrial
Deere tops second-quarter estimates, trims annual profit forecast
Shares up five per cent
CNH Industrial names James Nickolas as CFO
Tractor maker CNH Industrial on Thursday named James Nickolas as its new chief financial officer, succeeding company veteran Oddone Incisa.
CNH Industrial forecasts lower FY profits on declining agriculture, construction equipment sales
Reuters – CNH Industrial CNH.N on Tuesday forecast 2025 profit below Wall Street’s estimates, as it expects sales to be lower year-over-year in both its agriculture and construction equipment markets in 2025, sending its shares down 3.7 per cent before the bell. The Basildon, UK-based company expects 2025 adjusted earnings to be in the range […] Read more
CNH Industrial lowers profit forecast on slow demand for farming products
Farm and construction equipment maker CNH Industrial on Wednesday lowered its 2024 profit forecast for the second time, as slowing demand for its tractors and combines keeps hopes for a recovery in the second half of the year muted.
CNH Industrial cuts 2024 profit view as soft agriculture demand bites
CNH Industrial cut its annual profit forecast on Thursday, squeezed by slowing demand for its tractors and farm equipment as choppy crop prices and higher borrowing costs hinder farmers from making big-ticket farming purchases.
What the biggest players plan for powered equipment
Deere and CNH commit to more tech, electric and hybrid drives
The new powered farm machines parked on dealership lots in the coming decade are going to look a little different than they do now — at least under the hoods. That’s according to information released recently by two of the major manufacturers, John Deere and CNH Industrial, parent company to Case IH and New Holland. […] Read more
CNH machinery brands set to up their automation offerings
Raven technology being imported to Case IH and NH equipment
Last December, CNH Industrial, the parent company to Case IH and New Holland, held what it called a “Tech Day” just outside of Phoenix, Ariz. For the event, CNH executives brought together journalists from across North America and Europe to reveal what the company’s two main brands had up their collective sleeve in the fields […] Read more
CNH introduces the T4 Electric Power
Electric and autonomous utility tractor about to hit the market
Last month, CNH Industrial, parent company of Case IH and New Holland, announced the pending introduction of the ag equipment industry’s first battery electric, fully autonomous tractor. A prototype version of it was on display for the first time at a media day in Phoenix, Ariz., in early December. It wore New Holland blue and […] Read more
Foxconn to build autonomous electric tractors in Ohio
Tech firm to make units for U.S.-based Monarch
Reuters — Taiwan’s Foxconn, the world’s largest contract electronics maker, on Tuesday said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio facility starting in early 2023. The announcement comes as heavy machinery manufacturers, including Deere and Agco, set their sights on the electric vehicle market as the U.S. agriculture […] Read more
CNH Industrial beats profit estimates, confirms outlook despite recession fears
Milan | Reuters – Agricultural and construction machine maker CNH Industrial CNHI.MI beat estimates on Friday with a 14 percent rise in industrial operating profit in the second quarter and confirmed its full year outlook despite bracing for a global recession. “Whether we face a global recession in 2023 is up for debate, but we […] Read more
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