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Navistar posts Q1 loss, predicts ‘breakout year’

Navistar posts Q1 loss, predicts ‘breakout year’

LISLE, Ill. — Navistar reported a net loss of US$73 million in the first quarter, but raised its full year 2018 guidance and grew its revenue 15% to $1.9 billion in the quarter.

The quarter included $46 million in charges related to a debt refinancing.

“We are off to a strong start in 2018 thanks to our ability to grow Navistar’s position in a strengthening market,” said Troy A. Clarke, chairman, president and CEO. “We grew our Class 8 market share and improved our margins, on the way to delivering our best first quarter on an adjusted EBITDA basis since 2011.”

Read the full story from Truck News.

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About Rebecca Smith

Rebecca Smith is a Wisconsin native currently living in Illinois with her husband, Eric, and two dogs, Maggie and Grace. She enjoys hiking, biking, kayaking and, of course, camping in cabins and park models.

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