Navistar Announces 2006 Financial Results

March 06, 2008

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In another step toward becoming a current filer with the Securities and Exchange Commission, Navistar International reported its financial results for 2006.

"We are confident that we will be current in our annual financial statement filings by mid-yea," said Daniel C. Ustian, Navistar chairman, president and chief executive officer.
The company reported net sales and revenue of $14.2 billion in 2006, up from $12.1 billion in 2005.
Steady top line growth was accompanied by gains in the company's operational profitability, according to company officials. Pro forma manufacturing segment profit was $838 million in 2006, nearly doubling 2005 performance of $421 million. Net income was $301 million in 2006, up from $139 million in 2005. The company continues to analyze risk, strengthen internal controls and institute process improvements throughout the organization to ensure accurate, timely and transparent financial reporting.

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