Racine, Wisconsin – CNH Industrial N.V. held its Q1 2024 Earnings Conference Call on May 2, 2024, discussing the financial results for the period ending March 31, 2024.

The company executives, including Vice President-Investor Relations Jason Omerza, CEO Scott Wine, and CFO Oddone Incisa, provided insights into the first quarter performance of CNH Industrial. The call was moderated by an operator, allowing for a question-and-answer session with various financial analysts.

During the call, CEO Scott Wine addressed his upcoming departure from CNH and expressed confidence in the company’s strategic direction, despite challenges in market demand. The executives highlighted the company’s focus on margin expansion, cost efficiency, and technology integration as key drivers for future growth.

In terms of financial performance, CNH Industrial reported a decline in quarterly revenues, with industrial net sales down 14%. Despite challenging market conditions, the company maintained pricing and profitability gains, particularly in the construction sector. Additionally, the executives discussed ongoing efforts to streamline operations, enhance tech offerings, and optimize costs to drive margins.

Looking ahead, CNH Industrial emphasized its commitment to market share gains, quality improvement, and continued innovation to position the company for long-term success. Through a combination of product portfolio enhancements, strategic partnerships, and cost optimization measures, the company aims to navigate market fluctuations and strengthen its competitive position in the industry.