=Navistar (NAV) reported earnings on Tue 18 Dec 2018 (b/o)

Navistar beats by $0.14, beats on revs; guides FY19 revs above consensus

• Reports Q4 (Oct) earnings of $1.89 per share, excluding non-recurring items, $0.14 better than the S&P Capital IQ Consensus of $1.75; revenues rose 27.7% year/year to $3.32 bln vs the $3.24 bln S&P Capital IQ Consensus.
• Class 8 retail market share grew to 13.5 percent in fiscal year 2018 versus 11.8 percent in fiscal year 2017.
• Co issues upside guidance for FY19, sees FY19 revs of $10.75-11.25 bln vs. $10.54 bln S&P Capital IQ Consensus.
• FY19 Guidance: Industry retail deliveries of Class 6-8 trucks and buses in the United States and Canada are forecast to be 395,000 to 425,000 units, with Class 8 retail deliveries of 265,000 to 295,000 units. Adjusted EBITDA is expected to be between $850 million and $900 million.