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Navistar strikes gains in FQ4

Published 12/18/2018, 07:02 AM
© Reuters.  Navistar strikes gains in FQ4
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  • Navistar (NYSE:NAV) reports adjusted EBITDA rose 20% to $322M in FQ4 as the truck segment generated higher profit than a year ago.
  • The company ended the quarter with with $1.42B in consolidated cash, cash equivalents and marketable securities, and with $1.36B in manufacturing cash, cash equivalents and marketable securitie
  • CEO update: "We were the only truck OEM to grow Class 8 share during the year. With the industry's newest product line-up, superior quality and a strong focus on customer uptime, we expect to gain market share in 2019 for the third year in a row."
  • Looking ahead, Navistar expects 2019 revenue of $10.75 billion to $11.25 billion, compared with the FactSet consensus of $1.56 billion
  • NAV +0.46% premarket to $23.95.
  • Previously: Navistar beats by $0.26, beats on revenue (Dec. 18)
  • Now read: Invest In PACCAR (NASDAQ:PCAR) For The Long Haul


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