BELLEVUE, Wash. (April 26, 2005) — the parent company of Kenworth Truck and Peterbilt Motors has achieved record revenues for the first quarter of its Centennial year.

PACCAR — which has earned a profit for 66 consecutive years — earned $274.0 million for the first quarter 2005, an increase of 50 percent compared to the $182.2 million earned in the first quarter last year.

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 percent compared to 2004 first quarter after-tax return of 7.3 percent.

“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,” Mark C. Pigott, chairman and chief executive officer, said in a release. “PACCAR’s focus on delivering premium products, utilizing innovative technology and providing superior customer support has defined the company for 100 years. PACCAR is committed to quality profit growth and shareholders have benefited from the company’s dynamic, vibrant approach to the business.”

PACCAR recently announced a number of significant milestones that the company says enhance the exceptional value delivered to its customers:

Kenworth and Peterbilt launched their 2006 models featuring new luxury interiors including multiplexed electronic instrumentation. Jim Cardillo, senior vice-president, commented, “Peterbilt and Kenworth benchmarked Lexus and BMW for their durable luxury interiors and partnered with their suppliers to design exciting new driver and passenger cockpits providing our customers with industry-leading quality and technology.”

— Peterbilt Motors unveiled its new Model 386 aerodynamic vehicle, which includes a dramatically sloped hood, integrated headlamps and swept-back fender design.

— European commercial vehicle division DAF Trucks introduced a new lightweight Model CF-65, which offers a higher payload to improve customer productivity.