January 31, 2006 4:00 PM, EST

Paccar’s Profits, Sales Surge to Records

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eavy truck maker Paccar Inc. reported record revenue and income for 2005 on Tuesday, and said it earned the highest quarterly profit in its 100-year history.

The company earned $312.9 million or $1.83 per share for the fourth quarter, up from the $241.4 million or $1.38 in the previous fourth quarter.

Paccar, the parent of Kenworth Truck Co., Peterbilt Motors Co. and DAF Trucks, said its net sales and financial services revenues grew 14% to $3.64 billion, a quarterly record.

For the full year, Paccar reported record sales and revenue of $14.06 billion and a record profit of $1.13 billion.

“In the U.S. and Canada, Kenworth and Peterbilt achieved a healthy 23.1% Class 8 retail market share in 2005. U.S. and Canadian Class 8 industry truck retail sales could be 290,000 to 310,000 units in 2006, [from] 287,500 during 2005, as customers continue to update and expand their fleets to satisfy the demands of a growing economy,” he said in a statement.