CNH Industrial N.V. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total revenues of $8,102 million compared to $6,998 million a year ago. Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates was $168 million compared to $162 million a year ago. Net loss attributable to company was $46 million or $0.03 per diluted share compared to $95 million or $0.07 per diluted share a year ago. Adjusted net income attributable to company was $195 million or $0.14 per share compared to $191 million or $0.14 per diluted share a year ago.

For the year, the company reported total revenues of $27,361 million compared to $24,872 million a year ago. Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates was $680 million compared to loss of $9 million a year ago. Net income attributable to company was $295 million or $0.22 per diluted share compared to loss of $252 million or $0.18 per diluted share a year ago. Net cash provided by operating activities was $2,015 million compared to $2,108 million a year ago. Adjusted net income attributable to company was $478 million or $0.35 per share compared to $651 million or $0.48 per diluted share a year ago. Net debt as on December 31, 2017 was $19,702 million compared to $19,420 million a year ago.

For 2018, the company expects net sales of industrial activities between $27 billion and $28 billion and an increase of 30% of adjusted diluted EPS to between $0.63 and $0.67. Net industrial debt expected between $0.8 billion and $1.0 billion. The company expects the adjusted ETR for the group to be in the 30% to 32% range, down 5 to 7 points on a year-on-year basis. The full catch-up in CapEx to grow around 25% year-on-year.