RISULTATI DEL SECONDO TRIMESTRE 2021
30 Juli 2021 - 2:00PM
The following is an extract from the “CNH
Industrial 2021 second quarter results” press release. The complete
press release can be accessed by visiting the media section of the
CNH Industrial corporate website:
https://www.cnhindustrial.com/en-us/media/press_releases/Pages/default.aspx
or consulting the accompanying PDF:
CNH Industrial reports strong second
quarter performance. Consolidated revenues of $8.9 billion (up 60%
compared to Q2 2020), net income of $699 million, adjusted
diluted EPS of $0.42, and adjusted EBIT of Industrial Activities of
$699 million (up $757 million). $1.0 billion free
cash flow of Industrial Activities.
Financial results presented under U.S. GAAP
Net sales of Industrial Activities of
$8,490 million, up 65%, with solid performance
from all segments, as a result of higher volumes driven by strong
industry demand and price realization.
Adjusted EBIT of Industrial Activities of
$699 million (loss of $58 million in Q2
2020), with all segments up year over year. Agriculture adjusted
EBIT margin at 14.7%. Adjusted EBIT of $100 million for Commercial
and Specialty Vehicles, $74 million for Powertrain and $24 million
for Construction.
Adjusted net income of $583
million, with adjusted diluted earnings per
share of $0.42 (adjusted
net loss of $85 million in Q2 2020, with adjusted diluted loss
per share of $0.07).
Reported income tax expense of $188 million, with
adjusted effective tax rate (adjusted ETR) of
25%.
Free cash flow of Industrial Activities was
positive $1.0 billion due to the
strong operating performance. Total Debt of $24.5 billion at
June 30, 2021 ($26.1 billion at December 31, 2020).
Industrial Activities net cash
position at $1.4 billion, an increase of
$0.8 billion from
March 31, 2021.
Available liquidity at $14.4
billion as of June 30, 2021. In May
2021, CNH Industrial paid €150 million (~$180 million) in
dividends to shareholders. In the same month, CNH Industrial
Capital LLC issued $600 million in aggregate principal amount
of 1.450% notes due 2026.
- 20210730_PR_CNH_Industrial_Q2_ 2021
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