LONDON, UK / ACCESSWIRE / December 06, 2017 / Active-Investors free earnings report on CNH Industrial N.V. (NYSE: CNHI) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=CNHI. The Company reported its financial results on October 31, 2017, for the third quarter of the fiscal year 2017. The global leader in the capital goods sector's revenues grew 15.3% and exceeded market estimates. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, CNH Industrial most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Earnings Highlights and Summary

CNH Industrial posted US GAAP revenues of $6.63 billion in Q3 FY17 compared to $5.75 billion in Q3 FY16, increasing 15.32% on a y-o-y basis. The Company's revenue numbers topped analysts' estimates of $5.88 billion.

The Company reported US GAAP total cost and expenses of $6.53 billion for the reported quarter compared to $5.69 billion in Q3 FY16, increasing 14.74% on a y-o-y basis.

The Company's US GAAP net income amounted to $53.00 million in Q3 FY17 compared to $39.00 million in Q3 FY16, surging 35.90% on a y-o-y basis. CNH Industrial's US GAAP diluted EPS was $0.04 in the reported quarter compared to $0.03 in Q3 FY16, increasing 33.33% on a y-o-y basis. The Company's adjusted EPS of $0.11 beat analysts' estimates of $0.08.

Segment Details

CNH Industrial has two business segments, namely: (i) Industrial Activities, and (ii) Financial Services.

The Company's Industrial Activities segment, comprising of Agriculture Equipment, Construction Equipment, Commercial Vehicles, and Powertrain sub-segments, recorded revenues of $6.33 billion in Q3 FY17 compared to $5.46 billion in Q3 FY16.

The Agricultural Equipment sub-segment's net sales increased 12.4% on a y-o-y basis in Q3 FY17. The sub-segment's operating profit was $208 million in the reported quarter, reflecting a 34% increase over the $155 million recorded in the year ago same period, while its operating margin increased 1.2% to 7.8% due to a favorable volume and product mix, and a positive net price realization.

For Q3 FY17, the Construction Equipment sub-segment's net sales increased 7.9% on a y-o-y basis, driven by market growth in all regions, particularly in light equipment in NAFTA and in APAC. The sub-segment's operating profit was $13 million in the reported quarter, a $12 million increase compared to Q3 2016, with an operating margin of 2.0%.

The Powertrain sub-segment's net sales surged 26.5% in Q3 2017 compared to Q3 2016, due to higher sales volumes with both captive and external customers. The sub-segment's sales to external customers accounted for 48% of total net sales, in-line with Q3 2016. The sub-segment's operating profit was $88 million for the reported quarter, reflecting a $36 million increase compared to Q3 2016, due to higher volumes, a favorable engine mix, and manufacturing efficiencies. The Powertrain sub-segment's operating margin increased 2.1% to 8.2%, the highest third-quarter margin ever reported in the sub-segment's history, reflecting the profitability of a well-balanced portfolio of engine applications.

Under the Financial Services segment, CNH Industrial had revenues of $409.00 million in the reported quarter compared to $386.00 million in Q3 FY16, increasing 5.96% on a y-o-y basis. The Financial Services segment's total costs and expenses were $290.00 million in the reported quarter compared to $273.00 million in Q3 FY16, increasing 6.23% on a y-o-y basis.

Cash Matters

CNH Industrial had cash and cash equivalents of $4.10 billion as on September 30, 2017, compared to $5.13 billion as on September 30, 2016. The net cash inflow was $605.00 million for the nine months period ending September 30, 2017, compared to $1.12 billion for the same period in the fiscal year 2016. The Company paid dividends of $166.00 million for the nine months period ending September 30, 2017, compared to $205.00 million for the same period in the fiscal year 2016. In the reported quarter, the Company repurchased ?800.00 million of 6.250% notes due 2018, and 2.750% notes due 2019, issued by CNH Industrial Finance Europe, and issued ?650.00 million in principal amount of 1.750% notes due 2025.

Outlook

For the fiscal year 2017, CNH Industrial anticipates revenues for the Industrial Activities segment to be between $25.00 million and $25.50 million, and adjusted EPS to be in the band of $0.44 - $0.46. The Company also expects net industrial debt to be in the range of $1.50 billion and $1.70 billion for the fiscal year 2017.

Stock Performance Snapshot

December 05, 2017 - At Tuesday's closing bell, CNH Industrial's stock climbed 1.32%, ending the trading session at $13.05.

Volume traded for the day: 2.76 million shares, which was above the 3-month average volume of 1.52 million shares.

Stock performance in the last month ? up 0.23%; previous three-month period ? up 15.90%; past twelve-month period ? up 46.14%; and year-to-date ? up 50.17%

After yesterday's close, CNH Industrial's market cap was at $17.59 billion.

Price to Earnings (P/E) ratio was at 40.53.

The stock has a dividend yield of 0.92%.

The stock is part of the Industrial Goods sector, categorized under the Farm & Construction Machinery industry.

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