PACCAR Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported revenues of $292.8 million against $302.0 million a year ago. Total income before income taxes was $498.7 million against $577.7 million a year ago. Net income was $347.2 million or $0.98 per basic and diluted share against $394.3 million or $1.11 per basic and diluted share a year ago.

For the year, the company reported revenues of $1,172.3 million against $1,204.2 million a year ago. Total income before income taxes was $2,337.1 million against $2,017.6 million a year ago. Net income was $1,604.0 million or $4.51 per diluted share against $1,358.8 million or $3.82 per diluted share a year ago. Net cash provided by operating activities of $2,556.0 million against $2,123.6 million a year ago. Payments for property, plant and equipment was $286.7 million against $298.2 million a year ago.

In 2016, capital expenditures of $325-$375 million are targeted for enhanced aftermarket support, manufacturing facilities and new product development.