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Originally published Friday, January 31, 2014 at 7:43 AM

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Paccar 2013 profit climbs 5 percent on flat sales

The Bellevue-based truck manufacturer said Friday its annual revenues hit $17.12 billion, up 0.4 percent.

By Seattle Times staff

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Paccar’s 2013 profits rose more than 5 percent on virtually flat sales, the Bellevue-based truck manufacturer said Friday.

The company reported record annual revenues of $17.12 billion, up 0.4 percent. Its net income of $1.17 billion, up 5.4 percent, was Paccar’s third-best ever, said Mark Pigott, chairman and chief executive officer. Earnings per share were $3.30, up 5.8 percent.

Fourth-quarter revenues were up 15 percent to $4.6 billion, and quarterly net income was $334.2 million or 94 cents per share.

Paccar shares were down $1.25, more than 2 percent, to $56.20 in morning trading.

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