Paccar Reports Record Earnings in 2Q

Kenworth-Paccar-TrailerPaccar Inc. reported a record profit in the second quarter as truck sales continued to rise in North America and Europe.

The truck and engine maker said its net income climbed to $447.2 million, or $1.26 per share, up from $319.2 million, or 90 cents, a year ago.

Revenue at Paccar’s truck segment increased 15% to $3.98 billion, while total revenue including its parts and financial services operations rose 11% to $5.08 billion, the Bellevue, Washington-based manufacturer said in its July 28 report.

Paccar’s operating companies build Kenworth and Peterbilt trucks in North America and DAF trucks in Europe.

The company delivered 26,800 new trucks in the United States and Canada during the second quarter, up from 20,500 in the same period last year. Paccar’s worldwide truck deliveries increased to 41,600 units from 33,700

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