Paccar has unveiled second quarter earnings up 9% to US$319m, with sales and financial services revenue of US$4.57bn, up 6%.
“PACCAR’s second quarter results reflect the benefits of improving truck sales in the US and Canada and strong aftermarket parts and financial services results worldwide,” said Paccar CEO, Ron Armstrong.
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“I am very proud of our 22,600 employees who have delivered excellent results to our shareholders and customers.”
For the first six months of 2014, PACCAR reported net income of US$593m compared to $528m million in 2013, an increase of 12%.
Net sales and financial services revenues for the first six months of 2014 were US$8.95bn, 9% higher than last year.
“PACCAR’s strong balance sheet and positive cash flows have enabled the company to invest over US$2.1bn in new products and services over the last three years,” said Armstrong.
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By GlobalData“In the second quarter of 2014, DAF introduced a new range of Euro 6 CF and XF four-axle trucks and tractors for heavy-duty applications.
” These new vehicles expand DAF’s product range in the construction, container and refuse markets and complement DAF’s award-winning Euro 6 on-highway trucks.
“Kenworth and Peterbilt also launched their new medium-duty cab-over-engine distribution trucks.”
