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.

Rebecca Smith

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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