Navistar Releases 2006 Results
Navistar International Corp. said Thursday it filed its financial results for 2006, as it attempts to catch up with its back financial reporting.
Net income rose to $301 million, or $4.12 a share, for the year ended Oct. 31, 2006. That was up from $139 million, or $1.90 per share, for the same period in 2005, Navistar said in a regulatory filing, Bloomberg reported.
The move was “another step toward becoming a current filer with the Securities and Exchange Commission,” said Navistar, the parent company of International Truck and Engine Corp.
“We are confident that we will be current in our annual financial statement filings by mid-year,” said Daniel Ustian, Navistar’s chairman and chief executive officer.
Pro forma manufacturing segment profit was $838 million for the year, almost double 2005’s profit of $421 million, the company said.
In December, Navistar filed its back financial statements for the years 2003-2005.
