CNH Industrial posted consolidated revenues of $6,948 million for the second quarter of 2017, a 2.9-percent increase compared to the second quarter of 2017. Net sales of the Industrial Activities division were $6,655 million in the quarter, a 3.2-percent jump compared to last year. Reported net income was $247 million for the quarter. Operating profit of Industrial Activities was $481 million, a $28 million year-over-year leap.
The construction division leaped 13.6 percent from $595 million in Q216 to $676 million in the recently concluded quarter. CNH attributed the rise to improvement in the NAFTA and Asia Pacific markets.
During the first half of 2017, market conditions across CNH’s major segments have been better than expected. Therefore, the company is leading its 2017 guidance for sales and EPS to the upper end of its predicted range, while keeping the net industrial debt guidance unchanged at approximately $24 billion net sales for Industrial Activities.
