|CNH INDUSTRIAL N.V. filed this Form 6-K on 11/06/2017|
Equity in income of unconsolidated subsidiaries and affiliates totaled $21 million and $13 million for the third quarter of 2017 and 2016, respectively.
Net income was $57 million in the third quarter of 2017 compared to net income of $39 million in the third quarter of 2016.
Industrial Activities and Business Segments
The following tables show revenues and operating profit by segment. We have also included a discussion of our results by Industrial Activities and each of our business segments.
n.m. – not meaningful
Net sales of Industrial Activities were $6,331 million during the third quarter of 2017, a 15.9% increase (up 12.0% on a constant currency basis) compared to the same period of 2016 driven by increased revenues in each segment.
Operating profit of Industrial Activities was $351 million in the third quarter of 2017, a $103 million or 41% increase from the third quarter of 2016, with an operating margin of 5.5%, up 1.0 percentage point (“p.p.”) compared to the third quarter of 2016.