Company

PACCAR Inc

Headquarters: Bellevue, WA, United States

Founded: 1905

Employees: 28,500

CEO: Mr. R. Preston Feight

show_chart NASDAQ: PCAR

Market Cap

$32.04 Billion

USD as of April 1, 2022

history Market Cap History

Company Description

Paccar Inc is a manufacturer of light-, medium- and heavy-duty trucks. Tracing its origins to 1905, Paccar is now one of the largest producers of trucks in the world, which also designs, manufactures, and distributes diesel engines and truck parts, and provides related financial services, and information technology.

PACCAR Inc market capitalization over time

Evolution of PACCAR Inc market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of PACCAR Inc

Detailed Description

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods. It sells its trucks through a network of independent dealers under the Kenworth, Peterbilt, and DAF nameplates. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment conducts full-service leasing operations under the PacLease trade name, as well as provides finance and leasing products and services to customers and dealers. This segment also offers equipment financing and administrative support services for its franchisees; retail loan and leasing services for small, medium, and large commercial trucking companies, as well as independent owners/operators and other businesses; and truck inventory financing services to independent dealers. In addition, this segment offers loans and leases directly to customers for the acquisition of trucks and related equipment. The company also manufactures and markets industrial winches under the Braden, Carco, and Gearmatic nameplates. PACCAR Inc was founded in 1905 and is headquartered in Bellevue, Washington.

Wikipedia Introduction

PACCAR Inc is an American Fortune 500 company and counts among the largest manufacturers of medium- and heavy-duty trucks in the world, and has substantial manufacturing in light and medium vehicles through its various subsidiaries. For its leadership in the development of aerodynamic, lightweight commercial vehicles that has led to reduced fuel consumption and increased efficiencies, PACCAR Inc was awarded the National Medal of Technology at the White House in 2006. The company's presence has been especially strong in Renton, Washington, where it remains the oldest continually operating business. PACCAR's assembly plant in Renton was recognized as one of the best workplaces for commuters for the fifth consecutive year by the National Center for Transit Research in June 2013. The plant also celebrated its 20th anniversary in June 2013 and has produced more than 130,000 heavy-duty and medium-duty Kenworth trucks since it started its operations in 1993.

Source: Wikipedia, retrieved on March 31, 2022, 9:03 p.m.

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Product & Services

Commercial vehicles Aftermarket auto parts Industrial winches, Vehicle financing & leasing

Key People

Founder(s): William Pigott

Mark C. Pigott (Executive Chairman) Ronald E. Armstrong (CEO)

Financials

Revenue: $17.03 billion USD (2016)

Operating income: US$2.72 billion (2019)

Net income: $521.7 million USD (2016)


Total assets: US$28.36 billion (2019)

Total equity: US$ 6.8 billion (2016)

Details

Headquarters:

777 - 106th Avenue N.E.

Bellevue, WA 98004

United States

Phone: 425 468 7400

Fax: 425 468 8216