CNH Industrial ( (CNH) ) has provided an announcement.
CNH Industrial N.V. reported a challenging third quarter in 2024, with a 22% drop in revenue due to lower industry demand and high dealer inventory levels. Earnings per share fell to $0.24 from $0.40 year-over-year, reflecting reduced shipment volumes in agriculture and construction. The company is actively working on cost-saving measures and production adjustments while investing in technology to counter market headwinds. Despite the tough market environment, CNH remains committed to long-term strategic goals and efficiency improvements.
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