Navistar Q2 net loss $38 millionChristian 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 Revenues in the quarter were $1.9 billion
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. ■