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Navistar (NAV): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— Navistar International Corporation (NYSE: NAV) reported Q4 2019 earnings of $1.02 per share, vs. $0.96 expected.

— Revenues fell 16% to $2.8 billion, vs. $2.8 billion expected.

— Adjusted EBITDA was $219 million.

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

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

— For 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. 

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