CNH Industrial recently announced consolidated third quarter revenues of $6.686 billion for the third quarter of 2018, flat compared to the third quarter a year ago.
CNH Industrial recently announced consolidated third quarter revenues of $6.686 billion for the third quarter of 2018, flat compared to the third quarter a year ago. Net sales of the Industrial Activities Division were $6.245 billion, also flat year over year. Net income, was $231 million, nearly quadrupling from $60 million for the third quarter of 2017. Construction equipment sales were $726 million, compared to $618 million in the third quarter of 2017, a 17.5-percent jump.
Sales of commercial vehicles declined 6.6 percent and powertrain sales dropped 9.5 percent.
Despite increasing uncertainties related to the trade policy environment and raw material inflationary headwinds, together with foreign exchange volatility in the emerging economies, CNH Industrial is confirming its guidance for the year, expecting net sales of Industrial Activities of approximately $28 billion.
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.
