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Navistar Appoints Samuel Merksamer to Board, Third Appointment Related to Icahn Pact
Wednesday, December 12, 2012 - 9:25am | 132Navistar International Corporation (NYSE: NAV) today announced Samuel J. Merksamer, managing director at Icahn Capital LP, has been appointed to the company's Board of Directors. He replaces Diane Gulyas, who retired after serving three years as a board member. Mr. Merksamer's appointment to the...
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Navistar Closing Garland, TX Truck Plant; Sees $30-50M in Charges in FY13
Tuesday, October 30, 2012 - 4:05pm | 154Navistar International Corporation (NYSE: NAV) today announced that it intends to close its Garland, Texas, truck manufacturing operation as part of its efforts to reduce costs and optimize its manufacturing footprint. Navistar intends to cease operations at the Garland facility by the first half...
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Navistar Prices 10.66M Share Offering Of Common Stock at $18.75/Share
Wednesday, October 24, 2012 - 10:08pm | 122Navistar International (NYSE: NAV) today announced the pricing of a public offering of 10,666,666 shares of common stock at a price of $18.75 per share. Closing of the offering is expected to occur on October 30, 2012, subject to customary closing conditions. In addition, the company will grant the...
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Navistar Announces 10M Share Offering Of Common Stock
Wednesday, October 24, 2012 - 6:53am | 103Navistar (NYSE: NAV) today announced the commencement of a public offering of approximately 10,000,000 shares of its common stock. In addition, the company will grant the underwriters a 30-day option to purchase up to approximately 1,500,000 shares of common stock. The company intends to use all...
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Navistar Appoints John Pope to Board of Directors
Wednesday, October 17, 2012 - 7:32am | 204Navistar International Corporation (NYSE: NAV) today announced John C. (Jack) Pope, Chairman of PFI Group, LLC, a financial management firm, has been appointed to the company's Board of Directors. He replaces David D. Harrison, who elected to retire after serving five years as a board member. Pope...
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Top 4 Small-Cap Stocks In The Trucks & Other Vehicles Industry With The Highest Revenue
Tuesday, October 9, 2012 - 1:32am | 121Below are the top small-cap trucks & other vehicles stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Navistar International (NYSE: NAV) is $13.99 billion. Navistar had $627.00 million in total cash for the latest quarter. The trailing-twelve-month...
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Navistar Adds Intrieri and Rachesky to Board; Icahn and MHR Agreed Not to Run Proxy Contest
Monday, October 8, 2012 - 7:32am | 71Navistar International Corporation (NYSE: NAV) today announced that Vincent J. Intrieri and Mark H. Rachesky have been appointed to the company's Board of Directors. The company also agreed to add a third director to the Navistar Board, who will be designated and mutually agreed upon by Icahn...
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Top 4 NYSE Stocks In The Trucks & Other Vehicles Industry With The Highest Cash
Friday, September 14, 2012 - 3:29am | 124Below are the top trucks & other vehicles stocks on the NYSE in terms of cash. Navistar International (NYSE: NAV) had $706.00 million in total cash and $4.41 billion in total debt for the latest quarter. Oshkosh (NYSE: OSK) had $390.70 million in total cash and $955.00 million in total debt...
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Carl Ichan to Move Forward to Obtain Information on Navistar
Tuesday, September 11, 2012 - 12:10pm | 355Carl C. Icahn today issued the following letter to the shareholders of Navistar International Corporation (NYSE: NAV): Dear Fellow Navistar Shareholders: In its September 10 press release the Navistar Board dismissed my September 9 letter as "threats, attacks and disruption rather than continuing...
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Carl C. Icahn Issues Open Letter to Board of Directors of Navistar
Sunday, September 9, 2012 - 9:42pm | 230Carl C. Icahn today issued the following letter to the Board of Directors of Navistar International Corporation (NYSE: NAV): September 9, 2012 Board of DirectorsNavistar International Corporation4201 Winfield Road, P.O. Box 1488Warrenville, Illinois 60555 Ladies and Gentlemen: As you know, I am one...
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Top 4 NYSE Stocks In The Trucks & Other Vehicles Industry With The Highest Revenue
Friday, September 7, 2012 - 3:22am | 121Below are the top trucks & other vehicles stocks on the NYSE in terms of revenue. The trailing-twelve-month revenue at Navistar International (NYSE: NAV) is $14.21 billion. Navistar's profit margin for the same period is 9.36%. The trailing-twelve-month revenue at Wabash National (NYSE: WNC)...
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UPDATE: Navistar Posts Decline In Q3 Profit
Thursday, September 6, 2012 - 5:40am | 51Navistar International (NYSE: NAV) reported a drop in its profit in the third quarter. Navistar posted a quarterly profit of $84 million, or $1.22 per share, down from earnings of $1.4 billion, or $18.24 per share, in the year-ago period. Navistar shares gained 2.10% to close at $20.41 yesterday.
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Navistar Comments On EPA Final Rule
Thursday, August 30, 2012 - 7:06pm | 222Following is a statement from Troy Clarke, Navistar (NYSE: NAV) president and chief operating officer, about the Final Rule for nonconformance penalties (NCPs) for on-highway heavy heavy-duty diesel engines issued today by the U.S. Environmental Protection Agency (EPA). We are pleased that...
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Navistar Grants Equity Inducement Awards to Campbell
Monday, August 27, 2012 - 7:36am | 43As required by the New York Stock Exchange rules, Navistar International Corporation (NYSE: NAV) today reported equity inducement awards made to Lewis B. Campbell, the Company's newly appointed Executive Chairman and interim Chief Executive Officer.
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Top 4 Small-Cap Stocks In The Trucks & Other Vehicles Industry With The Highest EPS
Monday, August 20, 2012 - 3:53am | 125Below are the top small-cap trucks & other vehicles stocks on the NYSE, the NASDAQ and the AMEX in terms of earnings per share. The trailing-twelve-month earnings per share at Navistar International (NYSE: NAV) is $18.45. Navistar's profit margin for the same period is 9.36%. The trailing-...