PACCAR Financial Services revenue were $266 million in the second quarter compared to $258 million last year. PACCAR Financials second quarter pre-tax income jumped to a quarterly record $77 million compared to $57 million earned in the second quarter of last year. The excellent results benefited from growth in portfolio balances and a lower provision for credit losses. PACCAR Financial, with its strong A+ credit rating, has excellent access to the commercial paper and medium-term note markets. In the second quarter, PACCAR Financial sold over $900 million in 2- and 3-year notes in the U.S. and Europe. PACCAR also completed the renewal of its $2 billion credit line.Read the rest of this transcript for free on seekingalpha.com
PACCAR Management Discusses Q2 2012 Results - Earnings Call Transcript
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