CNH Industrial N.V. (CNH) an equipment and services company, on Tuesday reported a decline in fourth-quarter profit, even as revenue grew, primarily due to significant impairment charges.
Net income attributable to CNH Industrial decreased to $86 million, or $0.07 per share from $173 million and $0.14 per share a year ago.
The company recorded $123 million in pretax in-process research & development (IPR&D) impairment charges related to its 2021 Raven acquisition, $62 million in non-cash pretax impairment of investments in Monarch Tractor and other minority holdings, and $8 million in pretax restructuring charges.
Excluding these one-time items, adjusted earnings amounted to $246 million, or $0.19 per share.
Revenues were $5.157 billion for the quarter, up 6% year-on-year from $4.876 billion.
For the full year, the company posted earnings of $505 million or $0.41 per share, down from $1.259 billion or $0.99 per share. Adjusted EPS was $0.55. Revenue decreased 9% to $18.1 billion.
For 2026, CNH Industrial expects adjusted EPS in the range of $0.35 to $0.45.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.