Despite 4Q profit, Navistar stays in the red

Dec. 3, 2003
Navistar International Corp, the number three truck maker in the United States, posted a fiscal fourth-quarter profit compared with a loss a year ago.
Navistar International Corp, the number three truck maker in the United States, posted a fiscal fourth-quarter profit compared with a loss a year ago.

Because of an improvement in truck sales, net income in the quarter ended October 31 was $77 million, or $1 a share, versus a net loss of $460 million, or $7.58 a share, a year earlier.

Although the company marked its second consecutive profitable quarter, it was not enough to put the company in the black for its full fiscal year ended Oct 31, 2003. Daniel C Ustian, Navistar president and chief executive officer, said the truck industry recovery is slower than originally forecast.

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

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