TopNews

Detroit Diesel Posts Record Earnings in Third Quarter

November 4, 1999

SHARING TOOLS        | Print Subscribe
Detroit Diesel Corp. posted record third quarter net income of $11.9 million, up 18% from third quarter 1998.

Revenues were $588.2 million, up 8% from 1998. According to Chairman Roger Penske, this is the company's ninth consecutive quarter of increased year-over-year operating earnings. "We continue to anticipate that our full-year 1999 results will set another record for Detroit Diesel," he said.
Third quarter revenues from on-highway engines were $398 million, up 19% from the same period last year. Shipments of the Series 60 engine were up 23%.
For the nine months ending Sept. 30,total revenues were $1.8 billion, up 5% from the first nine months of 1998. Year-to-date net income was $37.2 million, up 23% and another record for the company.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.

GotQuestions?

Lubricants

The expert, Mark Betner from CITGO, will answer your questions

View All

GotQuestions?

Suspension

The expert, Rence Oliphant from Hendrickson, will answer your questions

View All