Ag Sales Rise in 2018 at CNHi

CNH Industrial showed a year-over-year sales gain in 2018. The company reported a 7 percent increase in consolidated revenues compared to 2017.

Net sales in the ag equipment segment increased by 9 percent, and total revenues grew by 9.4 percent for the full year. The company reported that the increase was driven by a sustained price realization performance, coupled with a stabilization of end-user demand in most, including further evidence of a replacement cycle in the row-crop sector in North America.

In the fourth quarter of 2018, net sales for ag equipment increased by less than 1 percent compared to the same quarter in 2017.

Source: Ag Equipment Intelligence