Navistar International Corp. (NAV) reported a third quarter loss per share of $0.37, compared to profit of $1.56 per share, prior year. Adjusted net loss was $8 million compared to profit of $147 million, a year ago. Adjusted EBITDA was $104 million compared to $266 million, previous year.
Third quarter revenues were $1.7 billion, down 45 percent from third quarter 2019, and Core charge outs were down 53 percent. The company said the decrease was primarily driven by the impact of COVID-19, as well as prior year comparable quarter results that were near the peak of the prior industry cycle.
Navistar finished the quarter with $1.65 billion in consolidated cash, cash equivalents and marketable securities, including $1.6 billion in manufacturing cash, cash equivalents and marketable securities.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.