CNH Releases Financial Results

Revenue for CNH Industrial was down by 4 percent in 2016 compared to 2015.

The operating margin for the year was 5.5 percent compared to 6.2 percent in 2015. “While the agricultural equipment market remained at historically low demand levels in 2016, our margin per-formance was in line with our expecta-tions, and we made significant progress on further reducing channel inventory,” said Richard Tobin, CEO of CNH. In agriculture equipment, net sales decreased by 8.2 percent for the full year 2016 compared to 2015.

The Company intends to undertake several restructuring actions during 2017 as part of an efficiency program.