Paccar Inc reports solid revenue, income

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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