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PACCAR Press Release PACCAR Inc Public Affairs Department P.O. Box 1518 Bellevue , WA 98009 Contact : Ken Hastings ( 425 ) 468-7530 ken.hastings@paccar.com FOR IMMEDIATE RELEASE PACCAR Achieves Very Good Quarterly Revenues and Profits Peterbilt and Kenworth Launch Next Generation Heavy- and Medium - Duty Trucks April 27 , 2021 , Bellevue , Washington – “ PACCAR reported very good revenues and net income for the first quarter of 2021 , ” said Preston Feight , chief executive officer . “ PACCAR Parts achieved record quarterly sales and profits due to robust freight activity , high truck utilization , investments in distribution and innovative technology such as its e - commerce platform . PACCAR Financial Services increased its profitability due to excellent portfolio quality and strong used truck demand . I am very proud of our employees and their dedication to delivering the highest quality products and services to our customers . " Feight added , " Customer demand for Kenworth , Peterbilt and DAF trucks is very strong . Truck deliveries increased in the first quarter of 2021 compared to the fourth quarter of 2020 despite the undersupply of semiconductors affecting the automotive industry . Peterbilt and Kenworth launched exciting new heavy- and medium - duty truck models , which deliver enhanced fuel efficiency , Advanced Driver Assistance Systems ( ADAS ) and superb driver comfort . In addition , DAF began producing CF Electric trucks this month . " First quarter 2021 revenues increased to $ 5.85 billion , compared to $ 5.16 billion earned in the first quarter of 2020. PACCAR achieved net income of $ 470.1 million ( $ 1.35 per diluted share ) in the first quarter of this year , a 31 % increase compared to $ 359.4 million ( $ 1.03 per diluted share ) earned in the same period last year . Highlights - First Quarter 2021 Highlights of PACCAR's financial results during the first quarter of 2021 include : Consolidated net sales and revenues of $ 5.85 billion . Record PACCAR Parts revenues of $ 1.16 billion . • Net income of $ 470.1 million . • • Record PACCAR Parts pretax profits of $ 251.3 million . • PACCAR Financial Services revenues of $ 432.0 million and pretax profits of $ 76.4 million . • Research and development expenses of $ 80.1 million . • Capital investments of $ 94.2 million . • Cash flow from operations of $ 536.9 million . • Manufacturing cash and marketable securities of $ 4.65 billion . • Stockholders ' equity of $ 10.72 billion .