CNH First Quarter 2012 Net Sales Increase 22%; Operating Profit up 65%

CNH Global N.V. announced financial results for the quarter ended March 31, 2012. For the quarter, net sales increased 22% (25% on a constant currency basis) to $4.6 billion as a result of solid trading conditions for agricultural machinery (on the back of increased planted acreage driven by firm commodity prices) and construction equipment (driven largely by increased demand in the Americas). Equipment Operations posted an Operating Profit of $406 million as a result of higher revenues, increased industrial utilization, improved product mix, and improved net pricing.

For about CNH first-quarter results...