Navistar Reports Q4 Earnings Loss

December 17, 2015

Navistar reported a net loss of $50 million in its fourth quarter earnings report. For the full year, the company reported a net loss of $184 million, compared to a net loss of $610 million last year.

Earlier in the quarter, the company announced a long-term agreement with GM to build medium-duty trucks at Navistar’s Springfield facility. Those trucks are scheduled to go into production in 2018.

Navistar expects full-year revenue in the range of $9.5 billion to $10 billion.

Navistar shares have dropped 76 percent since the beginning of the year. The stock has dropped 72 percent in the last 12 months.