Navistar (NAV) Tops Q4 EPS by 5c, FY Revenue Guidance Misses Consensus

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December 17, 2019 6:16 AM EST

Navistar (NYSE: NAV) reported Q4 EPS of $1.02, $0.05 better than the analyst estimate of $0.97. Revenue for the quarter came in at $2.78 billion versus the consensus estimate of $2.78 billion.

GUIDANCE:

Navistar sees FY2020 revenue of $9.25-9.75 billion, versus the consensus of $10.36 billion.

Industry retail deliveries of Class 6-8 trucks and buses in the United States and Canada are forecasted to be in the range of 335,000 to 365,000 units, with Class 8 retail deliveries between 210,000 and 240,000 units.

Revenues are expected to be in the range of $9.25 billion to $9.75 billion.

Adjusted EBITDA is expected to be in the range of $700 million to $750 million

“With a proven track record of managing costs and improving operating results, Navistar is in a much better position than in the past to do well even during cyclical downturns,” Clarke said. “We are taking actions to adjust our business to current market conditions, including reducing production rates and SG&A expenses while restructuring our global and export operations. Building on the strong gains achieved over the last several years, Navistar has a clear roadmap in place for sustained growth that will set it apart from the industry.”

For earnings history and earnings-related data on Navistar (NAV) click here.


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