Navistar boosts revenue projections after solid quarter

Navistar bumped up its revenue projections this morning after company officials reported solid sales in the second quarter this year.

The truck maker reported net income of $55 million for the second quarter, compared to a net loss of $80 million during the same quarter last year.

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“We had a great second quarter, delivering stronger than expected results by taking advantage of the robust market conditions,” said Troy A. Clarke, Navistar chairman, president and chief executive officer in a news release. “The market continues to respond favorably to our new products, especially our LT Series on highway tractor and the 13-liter A26 engine, which helped us capture two points of year-over-year share growth in the Class 8 segment.”

The company also boosted revenue projections to between $9.75 billion and $10.25 billion. That’s the second time this year the company has raised revenue projections. In March, company officials said they expected revenue between $9.25 billion and $9.75 billion for the year.

Navistar is one of Clark County’s largest employers with more than 1,800 people employed at its Springfield plant.

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