Paccar reports record Q2 sales and profits

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.

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Editor: Alan Adler