Navistar International last week filed its Form 10-K for the fiscal year ended October 31, 2007, with the Securities and Exchange Commission, bringing it current with its annual financial information.
Navistar reported net sales and revenue of $12.3 billion in 2007, when U.S. and Canada commercial industry volume dropped by 30 percent from the previous year. Despite the decline in revenue, the company achieved manufacturing segment profits of $426 million in 2007. The company reported net losses of $120 million, due in part to elevated expenses related to financial filings. Per share net loss was $1.70.
"Last year served as a building block toward the future with strategic investments in product development, increased focus on operational efficiency and expansionary growth actions that pave the way for a solid 2008 and beyond," said Daniel C. Ustian, Navistar chairman, president and chief executive officer.
Navistar expects to post record revenues in 2008 of more than $15 billion and manufacturing segment profit of nearly $1 billion.
Navistar International Corp. is a holding company whose wholly owned subsidiaries produce International brand commercial and military trucks, MaxxForce brand diesel engines, IC brand school and commercial buses, and Workhorse brand chassis for motor homes and step vans.
Navistar reported net sales and revenue of $12.3 billion in 2007, when U.S. and Canada commercial industry volume dropped by 30 percent from the previous year. Despite the decline in revenue, the company achieved manufacturing segment profits of $426 million in 2007. The company reported net losses of $120 million, due in part to elevated expenses related to financial filings. Per share net loss was $1.70.
"Last year served as a building block toward the future with strategic investments in product development, increased focus on operational efficiency and expansionary growth actions that pave the way for a solid 2008 and beyond," said Daniel C. Ustian, Navistar chairman, president and chief executive officer.
Navistar expects to post record revenues in 2008 of more than $15 billion and manufacturing segment profit of nearly $1 billion.
Navistar International Corp. is a holding company whose wholly owned subsidiaries produce International brand commercial and military trucks, MaxxForce brand diesel engines, IC brand school and commercial buses, and Workhorse brand chassis for motor homes and step vans.
media brand
0 Comments
See all comments