CNH Industrial NV (NYSE:CNHI) reported a fourth-quarter fiscal 2023 revenue decline of 2% year-over-year to $6.79 billion, -4% on a constant currency basis, beating the consensus of $6.66 billion.
Net sales of Industrial Activities were $6.02 billion, down 5%Y/Y, due to lower volume and mix in Agriculture.
Construction net sales grew by ~9% Y/Y to $1.07 billion, driven by net price realization and higher volume in North America.
Adjusted EPS of $0.42, up from $0.36, in line with the consensus.
Gross profit margin for Industrial Activities was 21.8%, up 20 bps YoY, with ...