"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.