PACCAR see positive sales and income growth in 2021
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By Bradley Osborne - 2nd March 2022
USA – PACCAR Inc of Bellevue, Washington, a parent company of several truck brands including Kenworth, Peterbilt, Leyland Trucks and DAF, has released sales figures for the fourth quarter of 2021 as well as end-of-year figures, showing its annual revenues increased by 25% to USD23.52bn, compared with revenues of USD18.73bn recorded in 2020. In Q4, sales rose by a fifth to USD6.7bn (2020: USD5.6bn).
Net income for the year saw considerable growth, rising by 42.6% from USD1.3bn in the same period of 2020 to USD1.9bn in 2021. In Q4 2021, net income increased by 26% to USD511.4m, compared to USD405.8m in Q4 2020.
