March 2, 2005, Bellevue, Washington PACCAR Inc has been recognized as one of Americas best performing companies by The Wall Street Journal in its tenth annual Shareholder Scoreboard of 1,000 major U.S. companies.
PACCAR was named to The Wall Street Journals prestigious 2004 Honor Roll list, which recognizes companies that earned straight-A ratings, ranked on five-year average compound annual total shareholder returns through year-end 2004. Companies also had to be in the top 20 percent of firms evaluated for shareholder return in the past one, three, five and ten years to be considered for the Honor Roll designation.
PACCAR was ranked 17th of the 1,000 largest publicly traded companies in the U.S., based on the combination of its impressive five-year shareholder annualized return of 37.3 percent and meeting the other yearly financial return thresholds. Only 27 companies earned the distinction of being included on the exclusive Honor Roll. Other companies that achieved Honor Roll recognition came from a diverse group of industry categories such as home construction, retail and financial services, and included NVR, Starbucks, Whole Foods and Doral Financial.
PACCAR continues to be a consistent leader in providing superior financial returns to its shareholders, said Mark C. Pigott, chairman and chief executive officer. The recognition of earning The Wall Street Journal Honor Roll designation for the second consecutive year is a tribute to the high-quality products and services delivered by PACCARs 20,500 employees worldwide. During 2004, PACCAR had the best profit year in the companys 99-year history and achieved its 66th consecutive year of net profitability. PACCAR has paid a dividend every year since 1941.
Mike Tembreull, vice chairman, added, This is terrific news that highlights PACCAR as one of the world leaders in the financial services, information technology and capital goods industries. Our employees, customers and dealers recognize that PACCAR is a great company whose integrity, reliability, quality and technology have set the performance standard in our industry for almost a century.
The Wall Street Journal Shareholder Annualized Return Scoreboard
The Shareholder Scorecard spans 76 industry groups and consists of the 1,000 largest companies in the Dow Jones U.S. Total Market Index at year-end 2004 with stock-market trading histories of at least 12 months. Size was measured by the total value of a companys publicly traded common stock. Performance was measured based on total shareholder return, including price change and reinvestment of any dividends or other cash or noncash distributions. Returns were adjusted for stock splits, stock dividends and recapitalizations.
The Wall Street Journals Shareholder Scoreboard: The Best and Worst Performance of The WSJ 1000 was published in the newspapers February 28, 2005, edition, available online to subscribers at www.wsj.com.
PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt, DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition, the Bellevue, Washington-based company manufactures winches under the Braden, Gearmatic and Carco nameplates.
PACCAR shares are traded on the Nasdaq Stock Market, symbol PCAR, and its homepage can be found at www.paccar.com.