Navistar sees strong Q3, expects growth to continue

Sept 06, 2018
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Navistar executives reported a strong third quarter, and said they expect heavy demand to continue into next year as trucking companies replace aging fleets and continue to see freight demand rise.

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“We think the market will remain strong in the fourth quarter and into 2019,” said Troy Clarke, Navistar’s president and CEO in a conference call with investors this morning.

The company reported net income of $170 million in the third quarter this year, compared to $37 million during the same period last year.

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Navistar is a significant employer in Clark County. Workers at Navistar’s Springfield facility produce medium, severe service and heavy duty commercial trucks, as well as the GM cutaway van on a separate line.

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