NAVISTAR Q4 2016 REVENUES $2.1 BILLION

Navistar Inc | December 26, 2016

NAVISTAR Q4 2016 REVENUES $2.1 BILLION
Navistar International Corporation announced a fourth quarter 2016 net loss of $34 million, or $0.42 per diluted share, compared to a fourth quarter 2015 net loss of $50 million, or $0.61 per diluted share. Revenues in the quarter were $2.1 billion. Fourth quarter 2016 EBITDA was $95 million versus EBITDA of $86 million in the same period one year ago. This year's fourth quarter included $9 million in net charges for asset impairments and restructurings, and $8 million in pre-existing warranty adjustments. As a result, adjusted fourth quarter 2016 EBITDA was $112 million. Revenues in the quarter declined 17 percent compared to fourth quarter 2015. The revenue decrease was largely driven by an 18 percent decline in the company's Core (Class 6-8 trucks and buses in the United States and Canada) charge-outs, to 13,000 units. This decline largely reflects continued softening of Class 8 industry volumes in the U.S. and Canadian markets. Navistar finished the fourth quarter 2016 with $850 million in consolidated cash, cash equivalents and marketable securities and $800 million in manufacturing cash, cash equivalents and marketable securities.

Spotlight

What does it mean to say that a community has a distinct philanthropic character a set of common patterns, practices, and cultural norms that distinguish a community’s giving? How should the nature of philanthropy at the community level be measured and assessed? How does the philanthropic character of a community shape future giving and the quality of life for residents?


Other News

YCF donates more than $40,000 to 19 non-profits that are facing greater demands during COVID-19 outbreak

The Your Community Foundation of North Central West Virginia | April 20, 2020

The Your Community Foundation of North Central West Virginia (YCF) has awarded more than $40,000 in grant money to 19 non-profits that are having greater demands during the COVID-19 outbreak. Patty Showers Ryan, YCF’s president, said the money was donated by community members, businesses and corporations alike who see the demand in the community and wanted to do their part to help. Ryan explained that all of the donations go to the agencies and that the awarding of grants will not be a one time deal. “We have a cycle set up that we’re going to make grant awards every other week for as long as this emergency continues and I suspect — we’re seeing a lot of need for food pantries and shelter,” Ryan said. “We’re hearing more that there may be some needs for domestic violence types of victims that may have dealt with domestic violence.”

Read More

Kroger donates over $40,000 to W.Va. food banks

Kroger | April 19, 2020

Last week, Kroger Mid-Atlantic donated $41,000 in product and cash donations to two prominent West Virginia food banks — Mountaineer Food Bank in Gassaway and Facing Hunger Foodbank in Huntington. Mountaineer Food Bank received a $10,000 cash donation and nine pallets of peanut butter, consisting of 10,300 individual jars and valued at nearly $11,000. Facing Hunger Foodbank received a $20,000 donation, which will be used to aid its senior feeding program. The donations come during a time of extraordinary demand across the state as a result of situations arising from the COVID-19 pandemic. “We’re inspired by the work of Mountaineer Food Bank and Facing Hunger Foodbank, and we are doing our best to bring critically needed food and resources to those who are struggling with hunger at this time,” said Allison McGee, corporate affairs manager for Kroger Mid-Atlantic, in a news release. “Our food bank partners need us now more than ever, and we will continue to look for solutions to support them.”

Read More

Shiner Brewer Donates $500,000 to Nonprofit Texas Restaurant Relief Fund

Spoetzl Brewery | April 16, 2020

Spoetzl Brewery, the brewer of Texas' own Shiner Bock, is donating $500,000 to a relief fund aimed at helping the state's restaurants and their employees. According to the brewery, the donation to the Texas Restaurant Association is meant to provide financial relief to Texas' independent restaurateurs with funds designed to safeguard employee jobs. The Texas Restaurant Relief Fund initiative was established by the Texas Restaurant Association Education Foundation, the nonprofit workforce development arm of the Texas Restaurant Association.

Read More

First Internet Bank Commits $250,000 for COVID-19 Relief

First Internet Bank | April 15, 2020

First Internet Bank announced today a commitment of $250,000 to help address the immediate economic challenges of COVID-19. Through a dollar-for-dollar match with IMPACT Central Indiana (IMPACT), funds will be rapidly deployed through the Indy Chamber's Business Ownership Initiative (BOI) to help small businesses, funds and nonprofits in Marion and Hamilton Counties weather the short-term health crisis and promote continued long-term economic growth.

Read More

Spotlight

What does it mean to say that a community has a distinct philanthropic character a set of common patterns, practices, and cultural norms that distinguish a community’s giving? How should the nature of philanthropy at the community level be measured and assessed? How does the philanthropic character of a community shape future giving and the quality of life for residents?

Resources

Events