Navistar Anticipating Banner 4Q

Dec. 7, 2004
Navistar expects record profits in 4Q

Navistar International Corp. has announced it anticipates fourth-quarter earnings to be at least $148 million— which would mark a record earnings quarter. That compared to the fourth quarter a year ago, when the company earned $77 million.

The company expects to earn $236 million for the full year, compared with last year’s net loss of $18 million.

Daniel C. Ustian, Navistar chairman, president & CEO said the strong results reflect efficiencies gained in the manufacturing of trucks and engines, and record levels of engine shipments.

“We delivered on our commitments with great products and a more competitive cost structure while laying the groundwork for substantial growth,” Ustian said.

Yesterday Navistar International Corp. announces it is teaming with German OEM MAN Nutzfahrzeuge AG (MAN) to combine their manufacturing and sourcing volume and share in R&D costs.

See International and MAN Partner.

Investment firm Bear Stearns noted that R&D costs should rise sharply as the OEM brings its new engines up to EPA’s 2007 emissions standards.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Downtime is expensive. This guide shows you how to keep your eet running, reduce repair surprises, and protect your margins—because when your trucks aren’t moving, you’re not...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Unlock proven strategies to streamline operations, lead your team, and keep your eet moving forward – all in one guide.
Commercial fleets bear a heavy burden from economic uncertainty, operational costs, and litigation risks. In-cabin video technology offers opportunities to reduce fleet expenses...