Navistar’s revenue for the fiscal fourth quarter ended 31 October 2014 was up 9.34% to US$3.01bn compared with $2.75bn in the fiscal fourth quarter ended 31 October 2013.
Its loss from continuing operations before income taxes narrowed to $61m from $357m. The company’s net loss for the period was $62m compared with the loss of $134m in the year ago period.
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Navistar’s revenue for the fiscal year ended 31 October 2014 increased marginally to $10.65bn from $10.62bn in the fiscal year ended 31 October 2013. Its loss from continuing operations before income taxes for the period narrowed to $556m from $974m in the previous fiscal year. The company’s net loss for the period narrowed to $579m from $844m.
The company provided the following guidance:
- Forecasts retail deliveries of Class 6-8 trucks and buses in the US and Canada will be in the range of 350,000 units to 380,000 units for fiscal year 2015.
- First quarter of fiscal year 2015’s adjusted EBITDA of $0 to $50m, excluding pre-existing warranty and one-time items.
- First quarter of fiscal year 2015 manufacturing cash, cash equivalents and marketable securities between $700m – $800m.
