PACCAR Inc
Industry: Auto & Truck Manufacturers

PACCAR Inc is a multinational company whose principal businesses include the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks and related aftermarket distribution of parts. The Company distributes trucks and parts primarily through its independent dealer network. In North America, trucks are sold under the Kenworth and Peterbilt nameplates and, in Europe, under the DAF and Foden nameplates. A portion of the Company's revenues and income is also derived from the financing and leasing of its trucks and related equipment. Financing and leasing operations are conducted by PACCAR subsidiaries in the United States, Canada, Mexico, Australia and Europe. The Company also manufactures industrial winches and markets them under the Braden, Carco and Gearmatic nameplates.

Business Summary
PACCAR Inc. is a multinational company whose two principal businesses segments include the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks and related aftermarket distribution of parts, and finance and leasing services provided to customers and dealers. The Company distributes trucks and parts primarily through its independent dealer network. In North America, trucks are sold under the Kenworth and Peterbilt nameplates and in Europe, under the DAF and Foden nameplates. The Company's finance and leasing activities are principally related to Company products and associated equipment. Other manufactured products include industrial winches. Financing and leasing operations are conducted by PACCAR subsidiaries in the United States, Canada, Mexico, Australia and Europe.

Financial Summary
PCAR is engaged in the manufacture of light, medium and heavy-duty trucks and related aftermarket distribution of parts, and finance and leasing services to customers and dealers. For the six months ended 6/30/05, revenues rose 30% to $6.88B. Net income rose 23% to $515.5M. Revenues reflect market share gains for the Kenworth, Peterbilt and DAF truck brands and a robust commercial vehicle market. Net income was partially offset by a non-recurring $64M tax charge.