PACCAR Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Capital Expenditure Guidance for the Full Year of 2016
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.