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Navistar Q2 net income $163 million

Christian Fernsby |
Navistar announced a second quarter 2021 net income of $163 million, or $1.63 per diluted share, compared to second quarter 2020 net loss of $38 million, or $0.38 per diluted share.

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Topics: NAVISTAR   

The results in the second quarter of 2021 included $91 million of tax-effected significant items.

Second quarter 2021 adjusted net income was $72 million compared to a loss of $10 million in second quarter 2020.

Revenues in the quarter were $2.2 billion, compared to $1.9 billion in the second quarter last year.

Chargeouts in the company's Core (Class 6-8 trucks and buses in the United States and Canada) market were 13,900 units in the second quarter of 2021.

Second quarter 2021 adjusted EBITDA nearly doubled year-over-year to $198 million, or 9.2% of revenue, versus $88 million, or 4.6% of revenue, a year ago.

Navistar finished second quarter 2021 with $1.2 billion in consolidated cash and cash equivalents, including $1.2 billion in manufacturing cash and cash equivalents.

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