CNH Industrial, a global manufacturer of farm and construction equipment, has forecast its 2026 profits to be below Wall Street estimates, citing weak demand for agricultural machinery.
This downturn is attributed to low crop prices, high input costs, and shifting trade policies, which are causing farmers to delay significant purchases. The company anticipates a 5% decrease in retail demand for 2026 compared to 2025 and plans to reduce production to manage excess inventory.
The U.S. Department of Agriculture projects a 0.7% decline in net farm income for 2026. Despite these challenges, CNH Industrial expects the agricultural equipment industry to resume growth in 2027.
The company did report strong fourth-quarter earnings that beat estimates.
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