=Navistar (NAV) reported earnings Tue 20 Dec 2016 (b/o)

Navistar reports Q4 (Oct) results, misses on revs; guides FY17 revs in-line :

• Reports Q4 (Oct) loss of $0.42 per share, may not be comparable to the Capital IQ Consensus of $0.26; revenues fell 17.1% year/year to $2.06 bln vs the $2.18 bln Capital IQ Consensus. Fourth quarter 2016 EBITDA was $95 mln versus EBITDA of $86 mln in the same period one year ago. This year's fourth quarter included $9 mln in net charges for asset impairments and restructurings, and $8 mln in pre-existing warranty adjustments. As a result, adjusted fourth quarter 2016 EBITDA was $112 mln.
• Co issues in-line guidance for FY17, sees FY17 revs of similar to FY16 ($8.111 bln) vs. $8.01 bln Capital IQ Consensus Estimate. 
• FY17 Guidance Details: Retail deliveries of Class 6-8 trucks and buses in the United States and Canada are forecast to be in the range of 305,000 units to 335,000 units for fiscal year 2017. Full-year 2017 adjusted EBITDA is expected to be higher than 2016. Fiscal year end 2017 manufacturing cash is expected to be about $800 mln, including the capital injection from Volkswagen Truck & Bus (VLKAY).