Kenworth Truck Co.
Paccar Inc. said Thursday its fourth-quarter profit declined from a year ago, but its annual revenue rose to a company record.
Net income fell to $253.5 million, or 72 cents a share, from $327.7 million, or 91 cents, a year ago.
Sales and financial services revenue fell to $4 billion from $4.9 billion in the previous fourth quarter, Bellevue, Wash.-based Paccar said in a statement.
Full-year net income rose to $1.1 billion, or $3.12 per share, from $1 billion, or $2.86, the previous year. Revenue rose to a company record $17.05 billion, from $16.4 billion.
The parent company of Kenworth Truck Co., Peterbilt Motors Co. and Europe-based DAF trucks said it delivered more than 140,000 trucks worldwide last year.