CNH Industrial reports Q3 results and announces joint venture to spin off construction business
CNH Industrial posted third‑quarter 2026 adjusted earnings of $0.16 per share, beating forecasts, while revenue was about $4.35 billion, roughly flat year‑over‑year. The company disclosed a definitive agreement with Kobelco to create a joint venture for its construction equipment segment, in which Kobelco will acquire a 70% interest for $700 million and CNH will retain 30%. The firm also raised its full‑year EPS outlook to $0.44‑$0.48 and its industrial free‑cash‑flow target to $300‑$450 million.
Why it matters
The joint‑venture will transform CNH into a pure‑play agriculture equipment company, potentially improving margins and focus, while the $700 million cash proceeds strengthen its balance sheet. The raised earnings guidance signals higher profitability expectations for the rest of 2026.
Key facts
- 1Adjusted diluted EPS for Q3 2026 was $0.16 (adjusted basis). elliotlakestandard.ca
- 2Consolidated revenue for Q3 2026 was $4.35 billion, essentially flat year‑over‑year. elliotlakestandard.ca
- 3Adjusted net income for the quarter was $205 million, up 88% from the prior year. elliotlakestandard.ca
- 4Adjusted EBIT for industrial activities increased 94% to $202 million. elliotlakestandard.ca
- 5CNH agreed to a joint venture with Kobelco, in which Kobelco will own 70% of the construction equipment business for $700 million. tradingview.com
- 6Full‑year 2026 EPS guidance was raised to a range of $0.44‑$0.48 per share. finance.yahoo.com
Summary written by AlphAI AI Desk from 15 of 15 sources. Not investment advice. Figures are as stated by the linked sources.