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PACCAR Announces Third Quarter Revenues and Earnings
October 21, 2008
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By aftermarketNews staff

BELLEVUE, Wash. -- PACCAR  has reported "good" earnings and revenues for the third quarter and first nine months of 2008.

PACCAR earned $299 million (82 cents per diluted share) for the third quarter of 2008 compared to $302.3 million (81 cents per diluted share) earned in the third quarter last year. Third quarter net sales and financial services revenues were $4 billion. Net sales and financial services revenues for the first nine months of 2008 were $12.06 billion. PACCAR reported nine-month net income of $904.8 million ($2.47 per diluted share), compared to $966.2 million ($2.58 per diluted share) in 2007.

“PACCAR’s financial strength, global diversification, high-quality products and strong distribution network are critical elements that contribute to its profitable results, especially in an uneven economy,” said Mike Tembreull, PACCAR vice chairman.