Paccar Inc reports solid revenue, income

March 1, 2003
Paccar Inc has reported strong revenues and net income for the third quarter and first nine months of 2002 compared with the same periods a year ago.

Paccar Inc has reported strong revenues and net income for the third quarter and first nine months of 2002 compared with the same periods a year ago.

Third-quarter net sales and financial services revenues were $2.0 billion, 33% higher than the $1.5 billion reported for the comparable period in 2001. Net income of $128.9 million increased more than 200% from the $39.4 million earned in third-quarter 2001.

Net sales and financial services revenues for the first nine months of 2002 were $5.3 billion, compared with $4.6 billion in 2001. For the first nine months of 2002, Paccar reported net income of $249.8 million, compared with $123.2 million in 2001.

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