Operating profit of Industrial Activities was $563 million for the fourth quarter, a $187 million increase compared to the same period in 2014, with an operating margin of 8.2%, up 3.5 p.p. Net sales also decreased in Construction Equipment, due primarily to negative industry volumes in LATAM, and in Powertrain, due to lower volume to captive customers. Net sales of Agricultural Equipment declined 19.6% excluding the negative impact of currency translation, driven by lower industry volumes in the NAFTA and LATAM row crop sectors offset by positive net price realization. Net sales of Commercial Vehicles increased 4.8% excluding the negative impact of currency translation, due to increased demand and market share gains in the EMEA region. Net sales of Industrial Activities were $24,677 million in 2015, down 9.6% compared to 2014 on a constant currency basis (down 20.9% on a reported basis).
Cnh est 7.7 full#
The full year 2015 consolidated revenues were $25,912 million, down 9.2% compared to 2014 on a constant currency basis (down 20.4% on a reported basis). Net sales of Industrial Activities were $6,869 million in Q4 2015, down 3.6% compared to Q4 2014 on a constant currency basis (down 14.3% on a reported basis). (NYSE:CNHI / MI:CNHI) today announced consolidated revenues of $7,144 million for the fourth quarter 2015, down 4.1% compared to Q4 2014 on a constant currency basis (down 14.6% on a reported basis). London (UK) – (January 29, 2016) CNH Industrial N.V. (**) Refer to the Non-GAAP Financial Information section of this press release for information regarding Non-GAAP financial measures. Financial results under IFRS are shown in specific tables at the end of this press release. The following tables and discussion related to the financial results of the Company and its segments are prepared in accordance with U.S. (*) CNH Industrial reports quarterly and annual consolidated financial results under U.S. Net industrial debt expected between $1.5 billion and $1.8 billion. For 2016 CNH Industrial expects net sales of Industrial Activities between $23 billion and $24 billion, with operating margin of Industrial Activities between 5.2% and 5.8%.The Board of Directors announces a buy-back of Company's common shares of up to $300 million.The Board of Directors is recommending for 2015 a dividend of €0.13 per common share, or approximately $200 million (€177 million).Available liquidity totaled $9.3 billion ($8.9 billion at December 31, 2014). Net industrial debt was $1.6 billion at December 31, 2015, a decrease of $1.1 billion or 40% from December 31, 2014.Net income before restructuring and other exceptional items was $262 million ($0.19 per share) for the quarter and $474 million ($0.35 per share) for the full year. Net income was $231 million ($0.17 per share) for the quarter and $248 million ($0.19 per share) for the full year.For the full year, operating profit of Industrial Activities was $1,432 million, with operating margin at 5.8%. Operating profit of Industrial Activities was $563 million for the quarter, an increase of 50%, at an operating margin at 8.2%, up 3.5 p.p.Net sales of Industrial Activities were $6.9 billion for the quarter and $24.7 billion for the year. Revenues totaled $7.1 billion for the fourth quarter and $25.9 billion for the full year 2015.Highest agricultural equipment operating margin amongst major OEMs, at 11.7% for the fourth quarter.įinancial results under U.S. Fourth quarter 2015 revenues of $7.1 billion, operating profit of Industrial Activities of $563 million, up 50%, at a margin of 8.2%, net income before restructuring and other exceptional items of $262 million and net industrial debt at $1.6 billion. CNH Industrial closes the year with strong results.