News Column

BRIEF: Paccar 2013 profit climbs 5 percent on flat sales

January 31, 2014

The Seattle Times

Jan. 31 -- Paccar's 2013 profits rose more than 5 percent on virtually flat sales, the Bellevue -based truck manufacturer said Friday. The company reported record annual revenues of $17.12 billion , up 0.4 percent. Its net income of $1.17 billion , up 5.4 percent, was Paccar's third-best ever, said Mark Pigott , chairman and chief executive officer. Earnings per share were $3.30 , up 5.8 percent. Fourth-quarter revenues were up 15 percent to $4.6 billion , and quarterly net income was $334.2 million or 94 cents per share. Paccar shares were down $1.25 , more than 2 percent, to $56.20 in morning trading. ___ (c)2014 The Seattle Times Visit The Seattle Times at Distributed by MCT Information Services

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Source: Seattle Times (WA)

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