The week in earnings reports: Knight, Paccar, Landstar

As fourth quarter and yearly earnings continue being reported, here are the latest: 

The Pete 579, left, and the Kenworth T680, right, were both introduced in 2012 by Paccar.

Paccar: Paccar says its $17.05 billion revenue in 2012 was a company record, and the $1.1 billion in net income was its fourth best year in history. The company recorded a $16.63 billion revenue in 2011 and $1.04 billion in net income. 2012’s earnings per diluted share was $3.12, a 9 percent increase from 2011’s $2.86. Paccar saw a fourth quarter revenue of $3.99 billion — a drop from 2011’s $4.85 billion fourth quarter. Paccar introduced both the Kenworth T680 and the Peterbilt 579 in 2012 and sold 140,400 vehicles worldwide.

Knight Transportation: Knight’s numbers for 2012 were comparable to 2011’s, but it did see an 8.1 percent increase in total revenue, bringing in $936 million in the year, up from $866.2 million in 2011. It’s operating income grew 8.2 percent in 2012 from 2011, to $108.3 million from $100 million. However, its fourth quarter operating income dropped 2.3 percent, from $29.2 million in 2011 to $28.6 million in 2012. Net income grew 6.4 percent year over year, moving to $64.1 million in 2012 from $60.2 million in 2011. 

Landstar: Landstar is reporting revenue of $691.3 million in the fourth quarter of 2012, which is down, compared to a 14-week fourth quarter in 2011, from that year’s $717.5 million fourth quarter revenue. Truck transportation accounted for 92 percent of the company’s fourth quarter revenue, while rail, air and ocean cargo comprised 5 percent. Annual revenue was $2.79 billion, up from 2011’s $2.65 billion. Landstar is also reporting an annual record EPS of $2.77, up from 2011’s $2.38. 

From our partners

Hot Topics: The Future of Natural Gas Lubricants

With engine technologies continuing to evolve and upcoming regulations set to impact the trucking market in the next few years, it’s no wonder that fleets…

1 comments