CNHI · NYSE
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Updated May 15, 2024
CNH Industrial is expected to see a growth in margins due to increased market share, pricing, and aftermarket sales. Their investment in technology, particularly in the precision ag sector, is likely to drive even more market share gains, leading to continued margin growth. Their strategic cost savings programs and synergies from recent acquisitions also bode well for margin expansion.
CNH Industrial is facing headwinds in its agriculture sales due to lower industry demand. This is evidenced by their lowered FY2024 guidance and 14% decrease in agriculture sales year-over-year. In addition, their legacy truck business brings lower margins and higher cyclicality, resulting in reduced valuation multiples compared to their competitors.
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