Daimler Posts 3Q Profit; Truck Sales Jump 44%
Daimler AG said its third-quarter worldwide truck sales jumped 44% from a year ago and that its truck unit would post a profit before interest and taxes of more than $1.5 billion for the full year.
It sold 94,813 trucks in the quarter, up from 66,071 a year ago, the company said Thursday. Truck revenue rose 47% to $8.9 billion.
Earnings before interested and taxes at the truck unit were about $700 million, compared with a loss of $175 million a year ago.
Daimler AG is the parent company of Daimler Trucks North America, which makes Freightliner and Western Star trucks.
Daimler AG’s overall net profit for the quarter was $2.2 billion, compared with $78 million a year ago.
Overall revenue jumped to $34.8 billion, from about $26.8 billion a year ago. Germany-based Daimler reports its earnings in euros.
