At a time when heavy-equipment manufacturers are struggling to cope with the slowing economic conditions across the globe, truck manufacturer PACCAR (NASDAQ:PCAR) defied the odds last month to deliver one of its best set of quarterly results ever. Peer Cummins (NYSE:CMI) reportedits third-quarter numbers the same day as PACCAR, but the results were strikingly different:
|Company||Q3 Revenue (YOY Change)||Q3 Net Income (YOY Change)|
|PACCAR||Down 2%||Up 16%|
|Cummins||Down 6%||Down 10%|
But that's just the tip of the iceberg, as PACCAR's third-quarter earnings conference call revealed. The call not only gave crucial insight into the company's solid standing even in difficult times, but it also revealed a great deal about what the future holds for the truck manufacturer. For instance, did you know that PACCAR will soon stop sourcing a particular category of engines from Cummins as it launches its own? Check the slideshow below for five such interesting management quotes from PACCAR's latest earnings call that you can't afford to miss.
Neha Chamaria has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Cummins and Paccar. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.