Navistar (NAV): Q1 2020 Earnings Snapshot

— Navistar International Corporation (NYSE: NAV) reported Q1 2020 loss of $0.36 per share, vs. a loss of $0.19 expected.

— Revenues totaled $1.8 billion, vs. $1.8 billion expected.

— Core volumes fell 39%.

— Adjusted EBITDA was $59 million.

— Truck segment net sales were $1.2 billion.

— Parts segment net sales were $493 million.

— Global operations segment net sales were $68 million.

— Financial services segment net revenues were $57 million.

— FY2020 revenues are expected to be $9.25 billion to $9.75 billion.

— FY2020 industry retail deliveries of Class 6-8 trucks and buses in the US 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.

— FY2020 adjusted EBITDA is expected to be $700 million to $750 million.

— NAV shares fell 1.4% following the announcement.

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