"We're happy to be caught up with our financial reporting. We will keep our focus on delivering on our commitments to shareholders," said Daniel C. Ustian, Navistar chairman, president and chief executive officer. "In one of the weakest commercial truck markets in recent history, we are set to surpass our $15 billion revenue goal for 2009 a year early and to realize nearly $1 billion in manufacturing segment profit."
The company reported net sales and revenue of $6.9 billion for the first half of fiscal 2008, a 13 percent increase over the same period in 2007. Manufacturing segment profit was $424 million, doubling 2007 performance of $208 million. Net income was $162 million, or $2.22 per diluted share, an improvement of $175 million or $2.41 per diluted share over the first half of fiscal 2007.
Navistar common stock resumed trading June 30 on the New York Stock Exchange under its original ticker symbol NAV; Navistar preferred stock will trade under NAVPrD.