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Navistar goes from profit to loss

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Christian Fernsby ▼ | March 4, 2020
Navistar International Corporation today announced a first quarter 2020 net loss of $36 million compared to first quarter 2019 net income of $11 million.
Navistar
Navistar   Revenues in the quarter were $1.8 billion
Revenues in the quarter were $1.8 billion compared to $2.4 billion in the first quarter last year. The decrease was primarily driven by a 39 percent decrease in the company's Core volumes, which represent its sales of Class 6-8 trucks and buses in the United States and Canada.

Topics: Navistar

First quarter 2020 EBITDA was $55 million, compared to $96 million in first quarter 2019. Adjusted EBITDA in first quarter 2020 was $59 million versus $173 million a year ago.

Adjusted net income for the quarter was a loss of $33 million compared to a gain of $57 million in the first quarter last year.

Navistar finished first quarter 2020 with $1 billion in consolidated cash and cash equivalents and $977 million in manufacturing cash and cash equivalents.


 

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