Navistar International Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended January 31, 2019; Reports Asset Impairment Charges for the First Quarter Ended January 31, 2019; Revises Earnings Guidance for the Fiscal Year 2019
For the quarter, the company reported asset impairment charges of $2 million against $2 million a year ago.
Based on stronger industry conditions, the company raised its 2018 full-year guidance: Industry retail deliveries of Class 6-8 trucks and buses in the United States and Canada are forecast to be 395,000 to 425,000 units, with Class 8 retail deliveries of 265,000 to 295,000 units. Revenues are expected to be between $10.75 billion and $11.25 billion. Adjusted EBITDA is expected to be between $850 million and $900 million.