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.