Summary
PACCAR Inc's 2007 10-K report highlights a strong performance in the heavy-duty truck market, with its Kenworth, Peterbilt, and DAF brands contributing significantly to the company's overall revenue. The company operates in two primary segments: truck manufacturing and distribution, and finance and leasing services, with the truck segment accounting for the vast majority of sales. While the report indicates a substantial production backlog of $4.7 billion at year-end 2007, PACCAR also acknowledges the inherent cyclicality and variability of the commercial truck market, which is influenced by economic conditions and regulatory changes. The company's financial services segment, which supports truck sales and leasing, operates in a competitive landscape and is subject to credit and interest rate risks. PACCAR emphasizes its commitment to quality, market-leading brands, and a global manufacturing footprint, while also initiating the construction of a new engine production facility in Mississippi.
Financial Highlights
24 data points| Net Income | $1.23B |
| EPS (Basic) | $2.21 |
| EPS (Diluted) | $2.19 |
| Shares Outstanding (Basic) | 556.65M |
| Shares Outstanding (Diluted) | 559.95M |
Key Highlights
- 1PACCAR Inc's business is primarily composed of truck manufacturing and related aftermarket parts (91% of 2007 sales) and finance and leasing services.
- 2The company manufactures and distributes heavy-duty trucks under the Kenworth, Peterbilt, and DAF brands across North America, Europe, and Australia.
- 3PACCAR reported a significant production backlog of $4.7 billion at the end of 2007, with approximately $2.2 billion scheduled for delivery within 90 days.
- 4The financial services segment provides financing and leasing for PACCAR products and associated equipment.
- 5The company acknowledges the cyclical nature of the commercial truck market and the competitive landscape of its financial services division.
- 6PACCAR is investing in future capacity with the construction of a new engine production facility and technology center in Columbus, Mississippi, expected to be completed in late 2009.