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Paccar profits, revenue down

BELLEVUE, Wash. - Consolidated net sales and financial services revenues for the manufacturer in 2001 were US$6.1 billion, a decrease of 23 per cent from $7.9 billion in 2000."PACCAR earned $50.4 mill...


BELLEVUE, Wash. – Consolidated net sales and financial services revenues for the manufacturer in 2001 were US$6.1 billion, a decrease of 23 per cent from $7.9 billion in 2000.

“PACCAR earned $50.4 million ($.65 per diluted share) for the fourth quarter of 2001,” says Mark Pigott, Paccar chairman and chief executive officer.

“That compares with $62.7 million ($.82 per diluted share) for the same period a year ago. Fourth quarter net sales and financial services revenues were $1.5 billion compared to $1.7 billion for the comparable period in 2000.”

He stresses, however, that Paccar has recorded its 62nd consecutive year of profitability, which the company considers a remarkable achievement considering the cyclical nature of the industry.


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