Small Tractors Perform Well at CNH in Q4

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CNH Industrial reported its consolidated revenues for the fourth quarter of 2020 increased by 10 percent from the same quarter last year.

“CNH Industrial delivered solid results in the fourth quarter, ending 2020 with year-over-year profitability improvements across all industrial segments,” said Chair Suzanne Heywood.

Net sales in the agriculture segment were up 17 percent, mainly due to favorable price realization in all regions and higher volumes in Europe, South America and the rest of the world.

In North America, tractor demand was up 27 percent for tractors under 140 horsepower and 17 percent for tractors over 140 horsepower. Combines were down 1 percent.

Source: CNH