Paccar Inc. has again earned the distinction of being selected by Industry Week magazine as one of the 50 best manufacturing companies in the United States.
"It is an honor for Paccar to be recognized with other leading companies including Chevron, Qualcomm, Dell, Nucor and McGraw-Hill," said Mark C. Pigott, chairman and chief executive officer. "This wonderful recognition reflects the dedication and talent of Paccar's 22,000 employees worldwide and confirms the company's quality approach to technology, innovation and shareholder return."
To select the top 50 manufacturing companies, Industry Week magazine evaluated a company's three-year performance measures including revenue growth, profit margin, asset turnover, inventory turns, return on assets and return on equity. Performance for the most recent year was weighted more heavily in the analysis. Paccar delivered record net income of $1.13 billion on revenues of $14 billion in 2005.
"Paccar's balanced global diversification has been integral to the company's steady revenue and profit growth," noted Mike Tembreull, vice chairman. "During 2005, approximately 50 percent of Paccar's revenues were generated outside the United States. Over the past decade, Paccar's earnings per share have grown by 16.3 percent per annum versus 7.5 percent for the S&P 500. Paccar's return on equity has averaged 26.1 percent during the last three years and was 30.1 percent for 2005."
For more information about Paccar, visit www.paccar.com.
"It is an honor for Paccar to be recognized with other leading companies including Chevron, Qualcomm, Dell, Nucor and McGraw-Hill," said Mark C. Pigott, chairman and chief executive officer. "This wonderful recognition reflects the dedication and talent of Paccar's 22,000 employees worldwide and confirms the company's quality approach to technology, innovation and shareholder return."
To select the top 50 manufacturing companies, Industry Week magazine evaluated a company's three-year performance measures including revenue growth, profit margin, asset turnover, inventory turns, return on assets and return on equity. Performance for the most recent year was weighted more heavily in the analysis. Paccar delivered record net income of $1.13 billion on revenues of $14 billion in 2005.
"Paccar's balanced global diversification has been integral to the company's steady revenue and profit growth," noted Mike Tembreull, vice chairman. "During 2005, approximately 50 percent of Paccar's revenues were generated outside the United States. Over the past decade, Paccar's earnings per share have grown by 16.3 percent per annum versus 7.5 percent for the S&P 500. Paccar's return on equity has averaged 26.1 percent during the last three years and was 30.1 percent for 2005."
For more information about Paccar, visit www.paccar.com.
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