UK's CNH Industrial Q1 revenue flat, beats estimates on price realization

CNH Industrial

30/04/2026 11:46

Overview

UK agricultural and construction equipment maker's Q1 revenue flat yr/yr, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations despite sharp yr/yr decline

Company reaffirmed full-year guidance amid weak North American ag demand and higher costs

Outlook

CNH reaffirms 2026 outlook, including previously communicated financial targets

Company sees 2026 Agriculture net sales down 5% to flat year-over-year, including +2% currency effects

Company expects 2026 adjusted diluted EPS between $0.35 and $0.45

Result Drivers

LOWER VOLUMES - Lower equipment sales volumes in North America and South America, particularly in agriculture and construction, weighed on results

HIGHER COSTS - Increased SG&A and R&D expenses, as well as tariffs and labor inflation, reduced segment profitability

PRICING AND OPERATIONAL DISCIPLINE - Positive price realization and operational efficiency actions partially offset weaker demand, per CEO Gerrit Marx

Company press release: ID:nGNEcnvwR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.80 bln
$3.41 bln (11 Analysts)
Q1 Adjusted EPS
Beat
$0.01
$0.007 (13 Analysts)
Q1 EPS
$0.01
Q1 Adjusted Net Income
Beat
$21 mln
-$67.55 mln (4 Analysts)
Q1 Net Income
$10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

Wall Street's median 12-month price target for CNH Industrial NV is $13.50, about 33.9% above its April 29 closing price of $10.08

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)