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Navistar International Corporation (NAV)

  • Dec. 16, 2014, 12:47 PM
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  • Dec. 16, 2014, 10:53 AM
    • Navistar (NAV -12.2%) slides after missing estimates with its FQ4 report.
    • Profit at the company's North American parts segment was $143M during the quarter, while a $55M loss was booked for the North America truck business.
    • Previously: Navistar's FQ4, report highlights.
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  • Dec. 16, 2014, 7:53 AM
    • Navistar (NYSE:NAV) reports sales of manufactured products rose 9.51% to $2.97B in FQ4.
    • Segment results FQ4: North America Truck: $1.99B (+15.68%); North America Parts: $666M (-4.45%); Global Operations: $424M (-0.70%); Financial Services: $60M (+9.09%).
    • Class 8 heavy-duty truck chargeouts +21.0% Y/Y for fiscal year.
    • Order backlog for class 6-8 trucks +24.0% Y/Y.
    • Warranty spending -22.0% Y/Y in FQ4 driven by quality performance improvements, lower repair costs and a reduced population of legacy engines still in the warranty periods.
    • Q1 Guidance: Adjusted EBITDA: $0 to $50M; Manufacturing cash, cash equivalents and marketable securities: $700M to $800M.
    • FY2015 Guidance: Retail deliveries of Class 6-8 trucks and buses in the United States and Canada will be between 350,000 units to 380,000 units.
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  • Oct. 7, 2014, 10:26 AM
    • Cummins (CMI -3.8%), Navistar (NAV -5.3%), and PACCAR (PCAR -1.8%) slide lower in early trading.
    • A decision by Daimler to sell medium-duty engines in the U.S. beginning in 2016 could be a factor.
    • A downgrade on Cummins to Neutral from Buy is also in the mix.
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  • Aug. 18, 2014, 12:41 PM
    • Shares of Winnebago (WGO +5.8%) trade higher on what's been a broad rally in vehicle manufacturer stocks off of a mix of positive economic news for the industry.
    • Navistar (NAV +4.7%), Arctic Cat (ACAT +4.4%), Polaris (PII +2.1%), and Spartan Motors (SPAR +2.4%) are also showing gains.
    • Of the major automobile manufacturers, General Motors (GM +1.7%) is showing the most strength.
    • Shares of Harley-Davidson (HOG +1.2%) aren't stuck in neutral either.
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  • Jun. 6, 2014, 1:29 PM
    • Navistar (NAV +3.7%) trades higher after posting a smaller FQ2 loss than a year ago on lower warranty expenses.
    • The company's combined Class 8 retail market share rose 100 bps Y/Y and 40 bps Q/Q to 14.9% during the quarter.
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  • Mar. 5, 2014, 9:26 AM
    • Navistar (NAV) misses the Q4 estimate of analysts as it continues to feel the impact of lowered defense spending and additional costs tied to strategies with emissions technology.
    • The company saw truck sales in North America fall 18% compared to a year ago.
    • NAV -2.1% premarket
    | 1 Comment
  • Dec. 20, 2013, 9:15 AM
    • Navistar (NAV) saw a big drop in revenue during its FQ4 due in part to light orders from the U.S. military.
    • Higher warranty costs were a drag on the company's bottom line during the period.
    • The quarterly results come amid a major shift in engine strategy at Navistar.
    • NAV -5.5% premarket.
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  • Dec. 3, 2013, 3:49 PM
    • Shares of Navistar (NAV -2.3%), Paccar (PCAR -1.6%), and Cummins (CMI -2.2%) are skittish after Class 8 truck orders for November comes in lower than expectations.
    • Valuation on the trio of heavy duty truck sellers is seen as stretched out by some analysts.
  • Jun. 24, 2013, 4:26 PM
    Navistar (NAV) says its CFO, Andrew A.J. Cederoth, will be leaving at the end of the month as part of a planned transition. Mr. Cederoth has served as the company's CFO since September 2009. Current senior VP and treasurer James Moran will oversee financial operations and functions on an interim basis, while the company finalizes its search for a new CFO from outside the company. Shares -4.7% AH.
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  • Jun. 20, 2013, 10:53 AM
    Shares of Navistar (NAV -7.6%) are having a rough day after the company recalls over 7K trucks which might have a braking issue. The bigger story behind Navistar is its financial condition. Last week, S&P had its say by downgrading the firm's credit rating to B- from B and maintaining a negative outlook.
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  • Jun. 10, 2013, 6:41 PM
    More on Navistar (NAV): Q2 misses hard, with losses on a per share basis coming in much greater than the prior year period and revenue also declining by 23% Y/Y. Net losses widened as the commercial-truck maker posted lower volumes and and higher pre-existing warranty adjustments, primarily related to EPA 2010 emissions level engines. Both its truck and engine units reported a wider losses, with the only bright spot coming from its parts segment, which saw income more than double as margins improved. Shares -1.5% AH.
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  • May. 17, 2013, 11:43 AM
    A broad rally in auto supplier stocks isn't a shocker after positive news piled in from across the globe. In Europe, a long slide in sales has finally reversed while China is opening up the western part of its territory for manufacturers. Just to top it off quite nicely, consumer sentiment rose briskly in the U.S. Advancers: American Axle (AXL) +4.5%, Dana Holding (DAN) +4.1%, TRW Automotive (TRW) +2.2%, Navistar (NAV) +4.4%, Federal-Mogul (FDML) +4.2%, Magna International +1.9%, Meritor (MTOR) +2%, Johnson Controls (JCI) +1.9%, Exide Technologies (XIDE) +5.5%.
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  • May. 3, 2013, 10:58 AM
    Navistar (NAV +10.3%) rips a double-digit gain with enthusiasm building that new management will push the right buttons to lead a turnaround. Some insider buying and EPA certification for the company's 13-liter Maxxforce engine is also helping to tip sentiment.
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  • Mar. 21, 2013, 3:58 PM
    Fuel Systems Solutions (FSYS +8.4%) shares are soaring today amid heavy volume on no apparent news, while other natural gas vehicle plays all trade lower: WPRT -3.4%, CLNE -2.1%, NAV -2.8%, CMI -1.9%.
  • Mar. 8, 2013, 9:50 AM
    Another powerhouse day for shares of Navistar (NAV +9.8%) as Wall Street jumps on board the bull side with the company again. JPMorgan on NAV: "We are comfortable that the heavy lifting is behind the company and the risk of a liquidity problem has been diminished."
    | 1 Comment
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Company Description
Navistar International Corp is a manufacturer of commercial & military trucks, diesel engines, buses, as well as a provider of service parts for trucks & diesel engines. It also provides retail, wholesale & lease financing services for trucks and parts.