Paccar Inc. CEO Mark C. Pigott said that the company reported higher sales and net income for the third quarter and first nine months of 2003 when compared with the same periods a year ago.
Third quarter net sales and financial services revenues were $2.1 billion, compared to the $2 billion reported for the same period in 2002. Net income was $132.5 million compared to the $128.9 million earned in the third quarter last year.
Net sales and financial services revenues for the first nine months of the year were $6 billion, 13% higher than the $5.3 billion last year. For the first nine months of 2003, Paccar reported net income of $367.4 million, 47% greater than the $249.8 million earned in 2002.