BELLEVUE, Wash. — Paccar, parent company of Kenworth and Peterbilt Trucks, has just complated its best quarter in the company’s 100-year history.

For the third quarter of 2005, Paccar’s net profit surged 24 percent to a record $304.8 million compared to the $246.7 million earned in the third quarter of 2004.

Mark C. Pigott, chairman and chief executive officer, said all facets of the business reported strong results, highlighted by DAF growing share in Europe, Paccar Financial Services excellent performance and aftermarket parts and technology generating stellar results. “Kenworth and Peterbilt Class 6, 7 and 8 sales and profits were records,” he added.

“Paccar’s geographic diversification, disciplined business practices and innovative product breadth have been key success factors in the company’s outstanding financial performance,” said Pigott. “Over the past 10 years, Paccar has invested over $1.5 billion to fund capital projects which have enhanced the company’s technology leadership, resulting in the highest product quality and customer satisfaction in the industry. In addition, completion of 4,600 Six Sigma projects has contributed to the company’s record manufacturing efficiency.”