PACCAR Achieves Strong Quarterly Revenues and Earnings

BELLEVUE, Wash.–(BUSINESS WIRE)–“PACCAR (Nasdaq: PCAR) reported strong revenues and net income for the third quarter of 2020,” said Preston Feight, chief executive officer. “PACCAR’s third quarter results reflect rebounding global truck production and aftermarket parts revenue. I am very proud of our outstanding employees who delivered these results while employing the highest commitment to health and safety at all PACCAR facilities.”

PACCAR achieved net income of $385.5 million ($1.11 per diluted share) in the third quarter of this year, compared to $607.9 million ($1.75 per diluted share) earned in the same period last year. Third quarter revenues were $4.94 billion, compared to $6.37 billion reported in the…