CNH changes
Pick any two versions below to diff them.
- Price
- $11.60 → $11.56(−0.3%)
- Recent events
- added: Nov 9, 2026: CNH agreed to sell 70% of its Construction Equipment business to Kobelco Construction Machinery, a subsidiary of Kobe Steel. The deal values the business at an enterprise value of $1 billion. CNH expects to receive $700 million in cash, before adjustments for net debt, working capital and other items, and it will keep 30% of the new joint venture. CNH plans to use the cash to reduce debt. It expects the deal to close by the end of 2027, after regulatory approvals. Oct 19, 2026: CNH said that it will report Q3 2026 results on November 9, 2026, with a webcast at 9:00 a.m. ET. Oct 9, 2026: CNH stock fell 5% after the USDA raised its corn and soybean production forecasts, which sent crop prices lower. Lower crop prices reduce farm incomes and demand for machines. Oct 7, 2026: The FTC and the USDA started a joint inquiry into business practices in the farm equipment market, such as restrictive dealer contracts, hidden financial penalties and barriers to repair. CNH stock fell 5.7% that day, Deere fell 5.0% and AGCO fell 5.9%. Sep 21, 2026: CNH Industrial Capital Canada priced Cdn$200 million of 4.00% notes due 2028 and Cdn$350 million of 4.40% notes due 2030. Aug 31, 2026: CNH and Bourgault Industries formed an alliance to sell co-branded Case IH and New Holland seeding equipment that Bourgault makes, through CNH dealers in North America, Australia and other markets. Aug 3, 2026: CNH reported Q2 2026 results. Revenue was $4.80 billion, up 2%. Adjusted net income fell to $161 million from $216 million, and diluted EPS was $0.11. Agriculture sales were flat at $3.3 billion, and Construction sales rose 12% to $866 million. CNH moved its 2026 outlook to the higher end of its ranges: Agriculture sales about flat, an Agriculture margin of 5.0% to 5.5%, adjusted EPS of $0.41 to $0.46 and industrial free cash flow of $200 million to $400 million. Jul 28, 2026: CNH said that Chief Technology Officer Jay Schroeder will retire on January 1, 2027, and Agriculture Chief Commercial Officer Stefano Pampalone will retire on September 1, 2026. Eric Shuman will become Chief Technology Officer. Jun 2, 2026: The US government lowered tariffs on some farm and industrial equipment. Citi called the change a small positive for Deere, AGCO and CNH. Apr 30, 2026: CNH reported Q1 2026 results. Revenue was $3.83 billion, flat from a year earlier, and adjusted net income fell to $21 million from $132 million. Industrial free cash flow was negative $589 million. CNH kept its 2026 outlook.