Another quarter, another record performance for Paccar Inc.
The medium- and heavy-duty truck and engine maker reported a 70% increase in second-quarter profits and a 24% increase in sales. It delivered 51,900 trucks across its Kenworth, Peterbilt and DAF Trucks brands.
Here are key numbers from Paccar’s second-quarter results reported Tuesday:
Record net sales and revenues of $8.88 billion.
Record net income of $1.22 billion.
Parts revenues of $1.6 billion and pretax income of $419.3 million.
Financial Services pretax income of $144.7 million.
This is a developing story.
The post Paccar reports record Q2 sales and profits appeared first on FreightWaves.