— 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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