Skip to content

Navistar's 4Q Earnings Drop; Truck Revenue Jumps

Click Here!

12/22/2010 2:00:00 PM

Navistar International Corp. said Wednesday its fourth-quarter profit fell 55% from a year ago, on higher costs of a new labor agreement.

Navistar earned $39 million, or 54 cents per share, down from $86 million, or $1.19, a year ago.

Revenue for the quarter ended Oct. 31 rose 2% to $3.37 billion, boosted by higher truck segment sales. Net revenue for the truck segment rose to $86 million, from $5 million a year ago.

Navistar called its recently negotiated four-year contract with the United Auto Workers union a “solid investment in the future.�

The quarter’s results included $10 million, or 14 cents per share, in costs from separation and layoff costs related to the UAW pact.

Full earnings fell 30% to $223 million, or $3.05 per share, from $320 million, or $4.46, a year ago. Revenue rose to $12.15 billion, from $11.57 billion.

The truck segment reported a full fiscal-year profit of $424 million, up from a 2009 profit of $147 million. Commercial units sold by the company’s U.S. and Canada Class 6-8 truck and school bus businesses rose 11% in 2010.

Navistar said the quarter’s results were in line with its projection that it would deliver more than 17,000 2010-emission compliant vehicles in the United States and Canada.

Navistar projected total truck industry retail sales for Class 6-8 trucks and school buses in the U.S. and Canada for the fiscal year ending Oct. 31, 2011, will be in the range of 230,000 to 250,000 units.

Click Here!

© 2010, Transport Topics Publishing Group. All rights reserved.


Navistar’s 4Q Earnings Drop; Truck Revenue Jumps (12/22/2010 2:00:00 PM)
EPA, NHTSA Took Lead Role on Greenhouse Gas Rules in 2010 (12/22/2010 8:45:00 AM)
November Truck Sales Rise 8.5% (12/20/2010 4:00:00 AM)
OEMs Confident of Meeting Growing U.S. Truck Demand (12/13/2010 10:00:00 AM)
Some Fleets Postpone Preventive Maintenance as Economics Override Weather Conditions (12/6/2010 8:45:00 AM)
Class 8 Sales Growth Slows as October Purchases Rise 2.5% (11/22/2010 3:45:00 AM)

Click Here!

I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA