Navistar (NAV) Tops Q4 EPS by 72c
Navistar (NYSE: NAV) reported Q4 EPS of $1.36, $0.72 better than the analyst estimate of $0.64. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.3 billion.
The company provided the following 2018 fiscal year guidance:
- Retail deliveries of Class 6-8 trucks and buses in the United States and Canada are forecast to be in the range of 345,000 units to 375,000 units.
- Revenues are expected to be between $9 billion and $9.5 billion.
- Adjusted EBITDA is expected to be between $675 million and $725 million.
- Year-end manufacturing cash is expected to be about $1 billion.
“We think 2018 is shaping up to be one of the strongest industry years this decade, and we’re positioned to make it a breakout year for Navistar,” Clarke said. “We’ll drive even greater customer consideration with our commitment to uptime and our ongoing cadence of new product launches, which will include the introduction of our new medium-duty vehicle, as well as new IC Bus offerings. At the same time, we will build on our alliance with Volkswagen Truck & Bus by investing in and collaborating on the major technologies that are reshaping our industry, including electric, connectivity and autonomous.”
For earnings history and earnings-related data on Navistar (NAV) click here.
