Navistar goes from profit to lossChristian 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 Revenues in the quarter were $1.8 billion
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. ■