PACCAR quarterly revenue surges 50 per cent

BELLEVUE, Wash. – PACCAR has achieved record revenues and net income for the first quarter of 2005 according to company CEO, Mark C. Pigott.

According to company officials, PACCAR earned $274.0 million ($1.56 per diluted share) for the first quarter 2005, which was an increase of 50 per cent compared to the $182.2 million ($1.03 per diluted share) earned in the first quarter of 2004. First quarter net sales and financial services revenues were $3.33 billion versus $2.50 billion for the first quarter of last year. The company’s 2005 first quarter after-tax return on consolidated revenues was 8.2 per cent compared to 2004 first quarter after-tax return of 7.3 per cent.

“PACCAR is celebrating its Centennial this year, and it is wonderful to be able to report the best quarter in the history of the company,” Pigott said. “These superb results are a direct reflection of the dedication of PACCAR employees worldwide. PACCAR’s focus on delivering premium products, utilizing innovative technology and providing superior customer support has defined the company for 100 years.”

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