RSS   Newsletter   Contact   Advertise with us

Navistar Q2 net loss $38 million

Christian Fernsby ▼ | June 5, 2020
Navistar International Corporation announced a second quarter 2020 net loss of $38 million, or $0.38 per diluted share, compared to second quarter 2019 net loss of $48 million, or $0.48 per diluted share.
Navistar
Navistar   Revenues in the quarter were $1.9 billion
Revenues in the quarter were $1.9 billion, down 36 percent from second quarter 2019. The decrease was primarily driven by the impact of coronavirus, resulting in lower volumes in the company's Core (Class 6-8 trucks and buses in the United States and Canada) market, with chargeouts being down nearly 40 percent compared to the same period one year ago.

Topics: Navistar

Second quarter 2020 EBITDA was $61 million, compared to $55 million in second quarter 2019. Adjusted EBITDA in second quarter 2020 was $88 million versus $224 million a year ago.

Adjusted net income for the quarter was a loss of $10 million compared to income of $105 million in the second quarter last year.

Navistar finished second quarter 2020 with $1.5 billion in consolidated cash, cash equivalents and marketable securities, including $1.5 billion in manufacturing cash, cash equivalents and marketable securities.


 

MORE INSIDE POST