{"id":18770,"date":"2021-07-30T17:18:16","date_gmt":"2021-07-30T12:18:16","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=77034"},"modified":"2021-07-30T17:18:16","modified_gmt":"2021-07-30T12:18:16","slug":"risultati-del-secondo-trimestre-2021","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/risultati-del-secondo-trimestre-2021\/","title":{"rendered":"RISULTATI DEL SECONDO TRIMESTRE 2021"},"content":{"rendered":"
\n

The following is an extract from the \u201cCNH Industrial 2021 second quarter results\u201d press release. The complete press release can be accessed by visiting the media section of the CNH Industrial corporate website: https:\/\/www.cnhindustrial.com\/en-us\/media\/press_releases\/Pages\/default.aspx<\/a> or consulting the accompanying PDF:<\/p>\n

CNH Industrial reports strong second quarter performance. Consolidated revenues of $8.9 billion (up 60% compared to Q2 2020), net income of $699\u00a0million, adjusted diluted EPS of $0.42, and adjusted EBIT of Industrial Activities of $699\u00a0million (up\u00a0$757\u00a0million). $1.0 billion free cash flow of Industrial Activities.<\/strong><\/p>\n

Financial results presented under U.S. GAAP<\/em><\/p>\n

Net sales of Industrial Activities <\/strong>of $8,490 million<\/strong>, up 65%, with solid performance from all segments, as a result of higher volumes driven by strong industry demand and price realization.<\/p>\n

Adjusted EBIT of Industrial Activities<\/strong> of $699 million<\/strong> (loss of $58\u00a0million in Q2 2020), with all segments up year over year. Agriculture adjusted EBIT margin at 14.7%. Adjusted EBIT of $100 million for Commercial and Specialty Vehicles, $74 million for Powertrain and $24 million for Construction.<\/p>\n

Adjusted net income <\/strong>of $583 million<\/strong>, with adjusted diluted earnings per share <\/strong>of $<\/strong>0.42<\/strong> (adjusted net loss of $85\u00a0million in Q2 2020, with adjusted diluted loss per share of $0.07).<\/p>\n

Reported income tax expense of $188 million, with adjusted effective tax rate<\/strong> (adjusted ETR) of 25%<\/strong>.<\/p>\n

Free cash flow of Industrial Activities<\/strong> was positive<\/strong> $1.0 billion<\/strong> due to the strong operating performance. Total Debt of $24.5\u00a0billion at June 30, 2021 ($26.1\u00a0billion at December 31, 2020). Industrial Activitie<\/strong>s net cash<\/strong> position at $1.4\u00a0billion<\/strong>, an increase of $0.8\u00a0<\/strong>billion from March\u00a0<\/strong>31, 2021.<\/p>\n

Available liquidity<\/strong> at $14.4 billion<\/strong> as of June\u00a0<\/strong>30, 2021. In May 2021, CNH Industrial paid \u20ac150 million (~$180\u00a0million) in dividends to shareholders. In the same month, CNH Industrial Capital LLC issued $600\u00a0million in aggregate principal amount of 1.450% notes due 2026.<\/p>\n

Attachment<\/strong><\/p>\n