Summarize this content to 100 words With record first quarter margins in both its agriculture and construction divisions, CNH Industrial, parent company of Case and New Holland Construction Equipment, reported a solid start to the year during a May 5 earnings call with investors. The manufacturer’s consolidated revenues for the first quarter of 2023 were up 15% over the same period last year, at $5.3 billion. Adjusted net income was $475 million. Net sales of Industrial Activities of $4.8 billion, up 14.3% due to favorable price realization and higher sales volumes, offsetting more than 2% adverse currency…
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With record first quarter margins in both its agriculture and construction divisions, CNH Industrial, parent company of Case and New Holland Construction Equipment, reported a solid start to the year during a May 5 earnings call with investors.
The manufacturer’s consolidated revenues for the first quarter of 2023 were up 15% over the same period last year, at $5.3 billion. Adjusted net income was $475 million. Net sales of Industrial Activities of $4.8 billion, up 14.3% due to favorable price realization and higher sales volumes, offsetting more than 2% adverse currency…
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