Navistar (NAV) Reports Q4 Loss Versus Expected Profit; Issues Mixed Outlook

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Go back to Navistar (NAV) Reports Q4 Loss Versus Expected Profit; Issues Mixed Outlook

Navistar Reports 2016 Fourth Quarter Results

December 20, 2016 6:51 AM EST

LISLE, Ill., Dec. 20, 2016 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced a fourth quarter 2016 net loss of $34 million, or $0.42 per diluted share, compared to a fourth quarter 2015 net loss of $50 million, or $0.61 per diluted share. Revenues in the quarter were $2.1 billion.

Fourth quarter 2016 EBITDA was $95 million versus EBITDA of $86 million in the same period one year ago. This year's fourth quarter included $9 million in net charges for asset impairments and restructurings, and $8 million in pre-existing warranty adjustments. As a... More