Construction sales and order book up for CNH

By Andy Brown04 May 2022

Agricultural and construction business CNH Industrial has reported a large rise in revenue and sales in its financial results for the first quarter of 2022, with consolidated revenues of US$4.6 billion, a 14% increase from the same quarter last year.

Construction sales in the first quarter for the company’s Case brand were US$803 million – a 22% increase from the same quarter last year.

The company reported that its construction order book was up more that 80% year over year in both heavy and light sub-segments, with increases in all regions.

In the first quarter of 2022 sales were down 33% in Asia Pacific, mainly due to falling demand in China, but demand was up by 4% in North America, 9% in EMEA and 30% in South America.

The financial report added that the increase in net sales of 22% was due to higher industry demand in main markets, market share growth, and better price realization – primarily in North America and South America.

Gross profit margin was 13.3%, down 1.0.% compared to Q1 2021, mainly due to supply chain disruption costs.

“Order books remain exceptionally strong, up almost 40% in agriculture and 80% in construction, as demand remained healthy. Our thoughts are with our employees, customers, and dealers directly impacted by the war in Ukraine,” said Scott W. Wine, Chief Executive Officer, CNH Industrial.

“Logistics pressures and semiconductor shortages, which are not unique to CNH Industrial, are expected to remain a headwind through the year, but I am confident in our team’s ability to navigate the current environment as evidenced by our results during the first quarter.”

Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Five excavator technologies to improve projects
While technology has been enhancing excavator performance for more than a decade, end-user demand for certain features has accelerated in the past few years. ConExpo-Con/Agg talks to manufacturers about the innovations that provide typical construction companies with value for money
Test drive: Hyundai HL980A
Dan Gilkes takes a first drive of Hyundai Construction Equipment’s HL980A and gives Construction Europe an exclusive overview of his experience
Interview: Doosan Bobcat’s Gustavo Otero
Construction Europe’s Cat Jones meets the Doosan Bobcat president to discuss everything from new innovations to a new beginning for hundreds of Ukrainians
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail:
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: