“PACCAR reported record revenues for 2012 and its 74th consecutive year of net profit. PACCAR’s annual revenues of $17.05 billion were the highest in company history and the $1.11 billion of net income was the fourth best in our history,” said Mark Pigott, chairman and chief executive officer.
“PACCAR’s financial results reflect the company’s premium-quality products and services, the benefits of increased geographic diversification, excellent aftermarket parts business and record PACCAR Financial Services performance. I am very proud of our 21,800 employees who have delivered outstanding industry-leading products and services.”
“PACCAR’s strong balance sheet and operating cash flow of $1.52 billion in 2012 enabled the company to deliver many new products, enhance manufacturing efficiency and expand globally,” said Ron Armstrong, president. “PACCAR launched more new trucks in 2012 than in any other year. The Kenworth T680, the Peterbilt Model 579 and the DAF XF Euro 6 are the result of a $1 billion, multi-year program to design and develop the highest quality, most efficient trucks in the industry,” added Armstrong. “We are pleased that DAF achieved record share in the European above 16-tonne market and Kenworth and Peterbilt achieved record share in the Class 8 market in North America.”