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    1. News & Analysis
    2. Wall Street Beat

    CNH Industrial’s Q2 Revenue Declines 5.9 Percent

    Aug. 12, 2019
    CNH Industrial posted consolidated revenues of $7.567 billion in the second quarter compared to $8.045 billion in the same period a year ago, a 5.9-percent decrease.

    CNH Industrial posted consolidated revenues of $7.567 billion in the second quarter compared to $8.045 billion in the same period a year ago, a 5.9-percent decrease. For the first six months of 2019, total revenue was $14.024 billion, compared to $14.818 billion in the first six months of 2018, a 5.4-percent slide.

    The Industrial Activities divsion posted net sales of $7.1 billion, a 7-percent year over year decline, with positive price realization more than offset by lower sales volume and negative currency translation impact. Adjusted EBIT of Industrial Activities was $527 million, with a 7.5-percent margin, flat compared to the second quarter of 2018. Adjusted EBITDA of Industrial Activites was $768 million, with a 10.9-percent margin.

    CNHI’s chief executive Huburtus Muhlhauser said the company was facing negative effects from trade disputes and weather events caused by climate change, but that uncertainties were lessening.

    “If there is a silver lining here, it would be that our visibility into the effects of these headwinds are a bit clearer than they were some time ago,” Muhlhauser said.

    About the Author

    Michael Roth | Editor

    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.