CNH Industrial N.V. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
January 29, 2015 at 06:47 pm IST
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CNH Industrial N.V. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues of $8,365 million against $9,290 million a year ago. Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates was $126 million against $147 million a year ago. Net income attributable to the company was $83 million against $60 million a year ago. Basic and diluted earnings per share were $0.06 against $0.04 a year ago.
For the year, the company reported total revenues of $32,555 million against $33,836 million a year ago. Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates was $1,089 million against $1,374 million a year ago. Net income attributable to the company was $710 million against $677 million a year ago. Basic and diluted earnings per share were $0.52 against $0.54 a year ago. Net debt as on December 31, 2014 was $23,418 million against $23,333 million a year ago. Cash flows from operating activities were $1,173 million against $2,437 million a year ago.
CNH Industrial N.V. is an equipment and services company. The Company is engaged in the design, production, marketing, sale, and financing of agricultural and construction equipment. The Company operates through three segments: Agriculture, Construction and Financial Services. Its Agriculture segment designs, manufactures, and distributes a full line of farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, material handling equipment, and others. Its Construction segment designs, manufactures, and distributes a full line of construction equipment, including excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, and compact track loaders. Its Financial Services segment offers retail note and lease financing to end-use customers for the purchase of new and used agricultural and construction equipment and components.