Navistar to Release Financial Statements
Navistar International Corp. said Friday it will issue restated financial results for 2003-2005, as well as its 2007 third quarter fiscal operational metrics at an investor meeting in New York next month.
Navistar said its executives will discuss the impact of the restatement on the its past and future financial operations at an Oct. 25 meeting.
“We believe we are well-positioned to achieve Navistar’s goals for growth and profitability,” said Daniel Ustian, the company’s chairman and chief executive officer. “This has been a lengthy process and it is gratifying to reach this milestone toward getting our accounting issues resolved and in moving closer to becoming a current filer.”
Navistar said in June it would release financial statements within four months, to break a two-year delay in its financial reporting. Those delays caused the company to be delisted by the New York Stock Exchange in February.
Navistar is the parent company of heavy-duty truck and engine maker International Truck and Engine Corp.
