Navistar Boosts 2010 Guidance
Navistar International Corp. boosted its earnings guidance for its fiscal year ending Oct. 31, citing higher military orders.
The company said its net income will be between $198 million, or $2.75 per share, and $234 million, or $3.25 per share.
That is up from its previous forecast of between $127 million, or $1.75 per share, and $163 million, or $2.25.
Navistar reiterated its forecast that industry Class 6-8 production levels, based on continued economic recovery, will be in the range of 195,000 to 215,000 units.
Truck industry volume in fiscal 2009 was 181,800 units.
Navistar, which makes International brand trucks, also aid it was evaluating the impact of the recently passed federal health care legislation on its business.
