Monday said it expects to report a record fourth-quarter profit and a return to full-year profitability for the first time since 2000.
The Illinois-based manufacturer expects net income of at least $148 million, or $1.88 a share, compared with $77 million, or $1.00 a share, a year ago. The prior-year quarter included a 28-cents-a-share benefit from restructuring charges. Analysts expect $1.80 a share.
The truck and engine maker also said it expects revenue to rise by 50% to $3 billion.
The company said "results will reflect improvement in the company's cost structure, including significant reductions in the number of hours per unit required to produce trucks and engines at the company's manufacturing plants."
Navistar said final results would be available around the first week of January, "pending the outcome of an anticipated adjustment from the application of certain accounting standards at the company's finance subsidiary."
Shares closed at $41.15 Friday.