PACCAR Inc.’s (PCAR - Free Report) Kenworth brand is currently pursuing an aggressive development strategy and announced an upgrade of its truck lineup. The company is also opting for Delo 400XLE Synblend SAE 10W-30 premium quality engine oil for its trucks to enhance fuel efficiency.
PACCAR has announced the launch of 52-inch mid-roof sleeper for the Kenworth T680 truck. This 52-inch sleeper is best suitable for the regional haul applications. It provides the driver with comfortable and enhanced living space for relaxation. In addition, it also reduces the weight by 700 pounds from the 76-inch sleeper.
PACCAR also launched the factory-installed and integrated engine-off heating and cooling idle management system, which will be used in the T680 truck with the 76-inch sleeper. This system is a battery-based APU system used for air conditioning and is fixed directly into the T680’s ducting system. This system controls the temperature and the battery power.
PACCAR’s highly aerodynamic models including Kenworth T680 with the PACCAR MX-13 engine is recognized for its fuel efficiency. PACCAR will be using the fuel efficient Chevron’s Delo(R) 400 XLE Synblend SAE 10W-30 premium quality engine oil in the Kenworth Class 8 diesel trucks. This will provide excellent wear and soot control protection and minimize the deposit formation in the trucks by using ultra low sulfur diesel (ULSD).
In addition, PACCAR’s Kenworth’s K270 and K370 medium duty cabovers are one of the leading trucks, which are used for delivering heavy load in the busy urban areas. Beverage distributors, pick-up and delivery, furniture, food processors and other urban delivery applications opt for these trucks for its better quality. With all these innovations, PACCAR expects to boost sales.
PACCAR, a Zacks Rank #3 (Hold) stock, is the third largest manufacturer of heavy-duty trucks (with a capacity of more than 15 metric tons) in the world after Volvo and Daimler (DDAIF - Free Report) , and has substantial manufacturing exposure to light/medium trucks (with a capacity of 6–15 metric tons). The company also provides customer support for its products with the supply of aftermarket parts, finance and leasing services.
PACCAR posted a 20.9% fall in profits to 72 cents per share in the fourth quarter of 2012 from 91 cents in the same quarter last year. Nevertheless, EPS was higher than the Zacks Consensus Estimate of 68 cents.
The decline in profits was attributable to a 17.7% fall in consolidated revenues to $3.99 billion due to lower revenues generated from the company’s Truck, Parts and Other segment, partially offset by higher Financial Services revenues. However, total revenue exceeded the Zacks Consensus Estimate of $3.66 billion.
Currently, Gentherm Incorporated (THRM - Free Report) with Zacks Rank #1 (Buy) is performing well in the industry where PACCAR operates.