Navistar Reports First-Half Profit; Will Resume NYSE Trading Monday

Truck and engine maker Navistar International Corp. Friday reported a first-half profit and said its shares will resume trading on the New York Stock Exchange Monday.

The first-half profit of $162 million, or $2.22 per share, compared with a loss of $13 million, or 19 cents, a year earlier, Navistar said in a regulatory filing, Bloomberg reported.

Revenue rose 13% to $6.9 billion for the six months ended April 30, Bloomberg said.

“In one of the weakest commercial truck markets in recent history, we are set to surpass our $15 billion revenue goal for 2009 a year early and to realize nearly $1 billion in manufacturing segment profit,” Chairman and Chief Executive Officer Daniel Ustian said in a statement.

Navistar — which was delisted by the NYSE in February 2007 because of delays in its reporting — said the filing brought it up to date with its financial reporting.

The company filed its annual report for fiscal 2005 in December, and in May reported a loss of $120 million for fiscal year 2007.