PACCAR Net Earnings Increase 32 Percent - aftermarketNews

PACCAR Net Earnings Increase 32 Percent

PACCAR has reported record revenues and net income for the third quarter and first nine months of 2006. PACCAR net earnings increased 32 percent to $403.6 million ($1.61 per diluted share) for the third quarter of 2006 compared to $304.8 million ($1.18 per diluted share) earned in the third quarter last year. Third quarter net sales and financial services revenues were a record $4.21 billion, 19 percent higher than the $3.54 billion reported for the comparable period in 2005.

BELLEVUE, WA — PACCAR has reported record revenues and net income for the third quarter and first nine months of 2006.

PACCAR net earnings increased 32 percent to $403.6 million ($1.61 per diluted share) for the third quarter of 2006 compared to $304.8 million ($1.18 per diluted share) earned in the third quarter last year. Third quarter net sales and financial services revenues were a record $4.21 billion, 19 percent higher than the $3.54 billion reported for the comparable period in 2005. For the first nine months of 2006, PACCAR reported record net income of $1.12 billion ($4.43 per diluted share), a 36 percent increase compared to $820.3 million ($3.15 per diluted share) in 2005. Net sales and financial services revenues for the first nine months of 2006 increased 17 percent to a record $12.23 billion compared to $10.42 billion last year. Included in PACCAR’s net income for the first nine months of 2005 was a one-time charge of $64 million (25 cents per diluted share) for income taxes associated with the repatriation of $1.5 billion of foreign earnings.

For more information about PACCAR, go to: http://www.paccar.com.

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