In its Q2/15 earnings report, PACCAR reported sizable growth in total earnings and net sales, including a record 40% boost in income, as it earned $447.2 million in Q2/14, a major increase from the $319.2 million mark of Q2/14.

“PACCAR has focused on investing for future growth in our core markets, while expanding our presence in emerging markets. Over the last seven years, PACCAR introduced new Kenworth, Peterbilt and DAF vehicles, began production of the fuel-efficient PACCAR MX engines in North America, opened the DAF Brasil truck factory, and increased the number of PACCAR Parts distribution centers,” said PACCAR CEO Ron Armstrong. “In addition, the company expanded PACCAR Financial Services internationally and introduced many industry-leading technologies and services for our dealers and customers. PACCAR is earning excellent returns on these investments. PACCAR is well-positioned for future growth with investments in PACCAR powertrain components, geographic expansion, aftermarket parts and service capabilities, and truck technologies that increase fuel-efficiency, safety and reliability.”

Going hand-in-hand with the earnings spike was a jump in Q2/15 net sales and financial services revenue, which reached $5.08 Billion, an 11% increase over Q2/14. In addition, PACCAR has vastly outpaced its net income from the first six months of 2014 (%593.1 million) by posting a mark of $825.6 million.

PACCAR’s strong Q2/15 coincides with an optimistic forecast for Class 8 industry retail sales, which are expected to increase into the 270,000-290,000 range, a solid bump from the 250,000 units from last year.

“Our customers are benefiting from strong freight tonnage, good freight rates and the excellent operating efficiency of Kenworth and Peterbilt trucks,” said Dan Sobic, PACCAR executive vice president. “Industry truck demand is being driven by economic growth and expansion of fleet capacity.”

The immense growth was not felt throughout the PACCAR brand, as PACCAR Financial Services, which has a portfolio of 171,000 trucks and trailers, with total assets of $12.3 billion, had a Q2/15 pre-tax income of $90.8 million, trailing a bit behind the recorded number from last year ($91.7 million). Revenues were also down to $293.8 million from $306.2 million in Q2/14.