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Paccar Q2 Net Income Down
Thursday, July 30, 2009 3:56 AM


(Source: Datamonitor)trackingUS-based truck manufacturer Paccar has reported a net income of $26.5 million or $0.07 per diluted share in the second quarter of 2009, compared to $313.5 million or $0.86 per diluted share in the second quarter of 2008.

The company's net sales and financial services revenues for the second quarter of 2009 were $1.85 billion, compared to $4.11 billion in the same period of 2008.

For the six months ended June 30, 2009, the company has reported a net income of $52.8 million or $0.14 per diluted share, compared to $605.8 million or $1.65 per diluted share in the first half of 2008.

For the first half of 2009, the net sales and financial services revenues were $3.83 billion, compared to $8.05 billion in the first half of 2008.

Mark Pigott, chairman and CEO of Paccar, said: "Paccar reported lower revenues and net income for the second quarter of 2009. These results reflect the impact of a recessionary economy on freight shipments and truck purchases worldwide."

A service of YellowBrix, Inc.



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