Paccar Revs up for a Stellar Year - Akcie TATRA

Paccar Revs up for a Stellar Year

http://beta.fool.com/sunnyspot/2012/02/02/paccar-revs-stellar-year/1575/?logvisit=y&published=2012-02-02&source=eptcnnlnk0000001

Monster truck manufacturer Paccar Inc. (NASDAQ: PCAR) reported oversized 2011 Q4 profits and revenues, nearly doubling its profit from the same time last year and far outstripping estimates.  Profits rose 93% to nearly $328 million compared to $169.8 million, while revenues rose 63% to $4.85 billion—the highest in the company’s history, according to the chair and CEO.  For a company that traces its roots to a business formed way back in 1905, that’s saying something
The company, which makes heavy-duty trucks under the Peterbilt, DAF and Kenworth names, also manufactures aftermarket parts.  It was this latter sector, along with their financial services arm, that helped push profits and revenues over the top.  Paccar also did a stock buyback, to the tune of $300 million while increasing dividends declared in 2011 by 88%.  How did they achieve all this?  By selling lots and lots of trucks.  And, they expect to sell even more this year..