Navistar Reports Earnings 3003

Rebekah A. Hall

Warrenville, Ill. -- Navistar International Corp. has reported a net loss for the quarter ended Jan. 31, 2004, totaling $23 million or $0.34 per diluted common share. This represents an improvement over the same period last year, when the company reported a loss of $99 million or $1.49 per diluted common share.

Additionally, the company has increased its forecast for total industry sales from previous projections made in December 2003. Navistar now estimates total truck industry retail sales volume for Class 6-8 and school buses in the United States and Canada for fiscal 2004 at 328,500 units. The company also predicts increased its previous forecast to 304,500 units and 25 percent above the 263,400 industry retail sales in fiscal 2003, the company states.