=Navistar (NAV) reported earnings on Wed 4 Sept 19 (b/o)

Navistar beats by $0.35, beats on revs; reaffirms FY19 revs/EBITDA guidance; raises FY19 delivery guidance; FY20 Class 6-8 delivery guidance represents a decline of 21% yr/yr based on midpoint of ranges 

Reports Q3 (Jul) earnings of $1.56 per share, $0.35 better than the S&P Capital IQ Consensus of $1.21; revenues rose 16.0% year/year to $3.02 bln vs the $2.92 bln S&P Capital IQ Consensus.

Coreaffirms guidancefor FY19, sees FY19 revs of $11.25-11.75 bln vs. $11.52 bln S&P Capital IQ Consensus. The company's adjusted EBITDA is expected to be between $875 million and $925 million (reaffirmed from prior guidance).

Industry retail deliveries of Class 6-8 trucks and buses in the United States and Canada are forecast to be 435,000 to 455,000 units (prior guidance 425-445K), with Class 8 retail deliveries of 295,000 to 315,000 units (prior guidance 290-310K).

Additionally, the company forecasts the industry's 2020 retail deliveries of Class 6-8 trucks and buses in the United States and Canada to be in the range of 335,000 to 365,000 units (down 21% yr/yr based on mid point), with Class 8 retail deliveries between 210,000 and 240,000 units (down 26% yr/yr based on mid point).