Navistar Q2 net income $163 million
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. ■