CNHI: Rising Input Costs Will Be Offset by Price Realization

CNHI reported net sales in its agriculture division increased by 56.2 for the second quarter. (That percentage decreases in the comparison in which CNHI excludes the impact of currency translations.)

The company also said in its second-quarter earnings report that the order book in agriculture more than doubled year over year for tractors, particularly in North America, and more than tripled for combines, with the strongest growth in North America and South America.

The company expects solid demand to continue across regions and segments and said that positive price realization will partially offset the impact of higher costs for materials and freight in the second half of the year.