Earnings Call Summary | CNH Industrial(CNHI.US) Q1 2024 Earnings Conference
Earnings Call Summary | CNH Industrial(CNHI.US) Q1 2024 Earnings Conference
The following is a summary of the CNH Industrial N.V. (CNHI) Q1 2024 Earnings Call Transcript:
以下是CNH工業公司（CNHI）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
CNH's Q1 revenues decreased by 10%, with industrial net sales suffering a 14% drop due to lower demand and dealer stock.
The EBIT margin for the industrial sector decreased by 180 basis points to under 10%.
Shipments declined, resulting in a decremental margin in the mid-20s.
Adjusted EPS was reduced to $0.33, a $0.02 decrease from the prior year.
The company saw an outflow of $1.2 billion in industrial free cash flow, largely due to a build-up of finished product inventory for Q2.
Net income from the Financial Services business increased thanks to market gains and improved volumes.
CNH bought back $580 million worth of its stock during Q1, completed a $1 billion extraordinary buyback program, and initiated a $500 million program in March.
The EPS forecast was lowered by $0.05 to range between $1.45 and $1.55.
CNH第一季度的收入下降了10％，由於需求減少和經銷商存量，工業淨銷售額下降了14％。
工業部門的息稅前利潤率下降了180個點子，至10％以下。
出貨量下降，導致20年代中期利潤率下降。
調整後的每股收益降至0.33美元，比上年下降0.02美元。
該公司的工業自由現金流流流出12億美元，這主要是由於第二季度成品庫存的增加。
由於市場上漲和交易量的增加，金融服務業務的淨收入有所增加。
CNH在第一季度回購了價值5.8億美元的股票，完成了10億美元的特別回購計劃，並於3月啓動了一項5億美元的計劃。
每股收益預測下調了0.05美元，至1.45美元至1.55美元之間。
Business Progress:
業務進展：
The company adopted cost-cutting measures during Q1 due to a cyclical downturn, focusing on enhancing cost efficiency.
CNH continues to expand its tech team and integrates solutions from recent acquisitions, modernizing its technology stack.
The launch of the 'field ops' digital app, a tool designed to streamline farm management and internal operations.
The company collaborated with Intelsat to provide satellite connectivity for remote customers, targeting operational efficiency.
CNH commenced the first phase of a restructuring program, planning further actions to streamline commercial back-office operations.
Maintained a commitment to production cost savings through procurement, logistics, and manufacturing efficiencies.
The company capitalized on market share gains and improved execution during Q1, aiming to carry this momentum forward.
Intelsat's services integration will significantly benefit Brazilian markets, and new initiatives, including the launch of its CR 11 machine and upgrading North American tractor platforms, are expected to enhance future market shares.
The company plans to finalize ongoing restructuring in the second quarter.
由於週期性低迷，該公司在第一季度採取了削減成本的措施，重點是提高成本效率。
CNH繼續擴大其技術團隊，整合最近收購的解決方案，對其技術堆棧進行現代化改造。
推出 “野外作業” 數字應用程序，該工具旨在簡化農場管理和內部運營。
該公司與Intelsat合作，爲遠程客戶提供衛星連接，以提高運營效率爲目標。
CNH啓動了重組計劃的第一階段，計劃採取進一步行動以簡化商業後臺業務。
堅持通過採購、物流和製造效率節省生產成本的承諾。
該公司利用了第一季度的市場份額增長和執行力的改善，旨在將這一勢頭繼續向前發展。
Intelsat的服務整合將使巴西市場受益匪淺，包括推出CR 11機器和升級北美拖拉機平台在內的新舉措預計將增加未來的市場份額。
該公司計劃在第二季度完成正在進行的重組。
More details: CNH Industrial IR
更多詳情： CNH 工業紅外
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譯文內容由第三人軟體翻譯。