WARRENVILLE, Ill. -- Navistar International Corp. has reported solid second quarter, as reflected by improvements in the performance of its core business as the company continues to navigate the difficult economic climate.

“Our expectations are to be profitable across the business cycle,” said Daniel Ustian, Navistar chairman, president and CEO. “The plans we have put in place for our core businesses are on track through the second quarter. We are confident that the foundation is in place to continue to support our profitability and grow our business.”

Even though the industry is at a nearly 50-year low, net income attributable to Navistar International for the second quarter ended April 30 was $30 million, equal to 42 cents of diluted earnings per share. As previously reported, earnings for its fiscal year ending Oct. 31 are expected to be in the range of $2.75 to $3.25 per diluted share. Revenues for the second quarter totaled $2.7 billion.

“We remain confident for the remainder of the year about our ability to deliver fiscal 2010 results in the previously reported range,” said Ustian. “The orders we have received for our 2010-compliant products ensure that the business is well positioned for the rest of the year.”

Total net income for the second quarter a year ago was $12 million, equal to 16 cents of diluted earnings per share, including the impact of costs related to the Ford settlement. For the first six months of fiscal 2010, net income was $47 million, equal to 65 cents of diluted earnings per share, compared with year-ago six months net income of $246 million, equal to $3.44 of diluted earnings per share, including the favorable effects from the settlement with Ford.