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International Names 2020 Dealer of the Year
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International Truck Recognizes Fred Scheler As The 2020 North American Dealer Of The Year
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Welt der Höhlen: Tropfsteine, Grottenolme und Kathedralen aus Eis
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Navistar International Corp. (NYSE: NAV) reported COVID-impacted lower sales and earnings for its fourth quarter and fiscal year on Thursday. It is likely the final independent earnings report before its $3.7 billion sale to Volkswagen AG s Traton Group closes in 2021.
Navistar executives skipped the quarterly call with analysts because of the Nov. 7 definitive merger.
Key financial highlights
Fourth-quarter net loss of $236 million, or $2.36 per diluted share, including $297 million of tax-affected significant items. Adjusted net income of $61 million on revenues of $2.1 billion compared to $2.8 billion in the fourth quarter of 2019. Net income in the same quarter of 2019 was $102 million, or $1.02 per diluted share.