Navistar (NAV) Misses Q1 EPS by 33c

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Go back to Navistar (NAV) Misses Q1 EPS by 33c

Navistar Reports First Quarter 2017 Results

March 7, 2017 6:16 AM EST

LISLE, Ill., March 7, 2017 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced a first quarter 2017 net loss of $62 million, or $0.76 per diluted share, compared to a first quarter 2016 net loss of $33 million, or $0.40 per diluted share.  Revenues in the quarter were $1.7 billion, a decline of six percent compared to $1.8 billion in the first quarter last year. The decrease primarily reflects lower truck volumes due to soft Class 8 heavy industry conditions and lower global sales.

First quarter 2017 EBITDA was $63 million, compared to first... More