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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. 


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