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Paccar Inc




Paccar Inc is a publicly traded company having a good stock performance result. Paccar Inc is a fortune 500 stock listed company trading under PCAR.
 
Pacific Car and Foundry Company. In 1972, later the name of the company was changed to PACCAR, Inc. The company is headquartered in Bellevue, Washington. PACCAR, Inc. engages in design, manufacture, and distribution of light, medium, and heavy duty trucks, and related aftermarket distribution of parts worldwide. The company’s trucks are used for over the road and off highway hauling of freight, petroleum, wood products, construction, and other materials. It also provides finance and leasing services to its customers and dealers. In addition, the company manufactures industrial winches. It sells trucks and related parts to independent dealers. The company was founded by William Pigott in 1905 as Seattle Car Manufacturing Company and subsequently changed its name to Pacific Car and Foundry Company. PACCAR manufactures heavy-duty, on- and off-road Class 8 trucks sold around the world under the Kenworth, Peterbilt etc.
 
Service Unit Locator is the fastest, most efficient way to find quality new and used cabs, sleepers, and hoods. PACCAR earned a record 312.9 million dollars for the fourth quarter 2005, which was an increase of 30 percent compared to the 241.4 million dollars earned in the fourth quarter of 2004. Fourth quarter net sales and financial service revenues were a quarterly record of 3.64 billion dollars, 14 percent higher than the 3.19 billion dollars reported for the comparable period in 2004. The company’s 2005 fourth quarter after-tax return on revenue (ROR) was 8.6 percent – equaling the record established in the third quarter of 2005.

Consolidated net sales and financial service revenues for full-year 2005 were a record 14.06 billion dollars, an increase of 23 percent from 11.40 billion dollars in 2004. Yearly net income in 2005 of 1.13 billion dollars increased 25 percent over 2004 earnings of 906.8 million dollars. Included in PACCAR’s 2005 net income is a one-time charge of 64 million dollars for income taxes associated with the repatriation of 1.5 billion dollars from its subsidiaries outside the United States. Dividends of 2.87 dollars per share were declared during 2005, including a special dividend of 2.00 dollars. PACCAR’s dividend yield of 3.9 percent places it in the top 50 companies in the S&P 500. PACCAR has steadily increased its investment in its Information Technology Division (ITD) to further enhance the electronic synergies between the company’s financial services, aftermarket customer support, engineering and manufacturing operations. Kenworth, Peterbilt and DAF vehicles introduced new advanced vehicle electronics and networked dashboard instrumentation.

Paccar Incorporated is committed to its clients in order to provide the highest service levels and best values to the customers.

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