PACCAR

PACCAR, Inc. is a global technology company, which engages in the design and manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts and Financial Services. The Truck segment designs and manufactures heavy, medium, and light duty diesel trucks which are marketed under the Kenworth, Peterbilt, and DAF brands. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment provides finance and leasing products and services provided to truck customers and dealers. The company was founded by William Pigott Sr. in 1905 and is headquartered in Bellevue, WA.

Earnings data Q1 2021

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

PACCAR achieves record revenues and profits, eyes growth opportunities

PACCAR delivered exceptional financial performance in 2022, achieving record revenues and net income, with strong performance across its truck, parts, and financial services divisions.
The company's focus on premium pricing, electric vehicles, and connected vehicles positions it well for future growth opportunities, while challenges in the supply chain and market uncertainties require strategic management.
Opportunities lie in the electric vehicle market, used truck segment, and connected vehicles, offering avenues for revenue growth and market expansion, supported by a commitment to innovation and customer service.
Overall, PACCAR's strong financial position, shareholder returns, and strategic investments underscore its resilience and potential for continued success in a dynamic industry landscape.

PACCAR reports record Q1 earnings, eyes global market expansion

PACCAR delivered exceptional financial results in Q1 2023, with record revenues and net income. The company's strong performance in its Truck, Parts, and Financial segments highlights its resilience and strategic focus on customer value creation.

PACCAR achieves record Q2 earnings, eyes hydrogen trucks for growth

PACCAR's Q2 2023 performance reflects robust revenue and profit growth, driven by strong operational metrics and strategic investments.
While facing challenges like economic uncertainties and supply chain disruptions, PACCAR is well-positioned to capitalize on growth opportunities.
The company's focus on innovation, efficiency, and customer service underscores its commitment to long-term success and market leadership.
With a solid financial foundation and a proactive approach to emerging technologies, PACCAR is poised for continued growth and profitability.

PACCAR reports record Q3 earnings, eyes growth amid challenges

PACCAR's Q3 performance reflects a robust financial position, driven by strong margins, revenue growth, and strategic investments. While facing challenges in rising expenses and supply constraints, the company's strengths in efficient capital utilization and market adaptability position it well for future opportunities and sustained growth.

PACCAR achieves record-breaking earnings, eyes growth in electric vehicles

PACCAR's Q4 2023 earnings call highlighted exceptional financial performance, strong market outlooks, and strategic growth plans. The company's focus on efficiency, customer service, and shareholder value has led to record-breaking results. Challenges in cost management and inflation are being addressed through pricing strategies and efficiency improvements.

PACCAR excels in Q1, eyes growth amid investment challenges

PACCAR's strong financial performance, efficient operations, and strategic positioning indicate a promising outlook for the company.
While facing challenges in significant investments, PACCAR is leveraging opportunities in market growth and technological advancements.
Overall, PACCAR's focus on innovation, expansion, and financial strength positions it well for sustained success in the industry.

PACCAR excels in Q2 earnings, eyes growth through strategic ventures

PACCAR's strong financial performance and market share gains underscore its competitive position.
Strategic initiatives like the battery joint venture and focus on premium products enhance long-term prospects.
Addressing challenges in softer markets and competitive pricing will be key to sustaining growth.
Balancing investments in innovation and market expansion can drive profitability and resilience.

PACCAR reports robust Q3 earnings, eyes growth amid market uncertainties

PACCAR's Q3 performance reflects strong financial results and market share gains. While uncertainties in market estimates and operational challenges exist, the company's strategic investments and competitive position offer growth opportunities. Analyst inquiries during the call focused on key industry dynamics and future strategies.

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PACCAR Inc (PCAR) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Paccar (PCAR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Paccar (PCAR) Q4 Earnings

PACCAR Inc beat estimates for fourth-quarter profit and revenue estimates on Tuesday, on sustained demand for its fuel-efficient truck models.

PACCAR beats quarterly profit, revenue estimates on demand for newer truck models

Paccar Inc.'s stock PCAR, +0.86% rose 1.5% in premarket trading on Tuesday after the truck manufacturer said its fourth-quarter revenue and profits set new records. Paccar, which owns Kenworth, Peterbilt and DAF, said its fourth-quarter net income rose to $1.42 billion, or $2.70 a share, from $921.3 million, or $1.76 a share, in the year-ago quarter.

Paccar's stock gains as it sets revenue and net income records

BELLEVUE, Wash.--(BUSINESS WIRE)--“PACCAR reported record annual revenues and net income in 2023,” said Preston Feight, chief executive officer. “PACCAR's excellent results reflect record deliveries of premium quality DAF, Peterbilt and Kenworth trucks worldwide, record Truck, Parts and Other gross margins and strong financial services performance. I am very proud of our employees and dealers who delivered outstanding trucks and transportation solutions to our customers.” PACCAR achieved quarte.

PACCAR Achieves Record Annual Revenues and Net Income

The Zacks Consensus Estimate for PACCAR's (PCAR) fourth-quarter earnings per share and revenues is pegged at $2.20 and $8.18 billion, respectively.

PACCAR (PCAR) Looks Poised to Maintain Beat Streak in Q4 Earnings

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PACCAR has shown skillful financial management during the pandemic and is poised for substantial growth with the normalization of supply-chain shortages by 2024. The company's deliberate entry into the electric vehicle market, along with partnerships in EV, hydrogen fuel cell, and autonomous vehicle domains, sets it up for long-term success. PCAR stands out as an appealing investment choice with a commitment to shareholder value through consistent dividends, stock buybacks, and a proven track record of profitability.

Driving Future Success: Paccar's Strategic Resilience And Innovation

Paccar (PCAR) closed at $95.38 in the latest trading session, marking a +1.38% move from the prior day.

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Cummins, Daimler Truck, PACCAR pick Mississippi for battery cell production

COLUMBUS, Ind. & PORTLAND, Ore. & BELLEVUE, Wash.--(BUSINESS WIRE)--Accelera™ by Cummins, Daimler Trucks & Buses US Holding LLC and PACCAR have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture. The joint venture will localize battery cell production for commercial electric vehicles and is expected to create more than 2,000 U.S. manufacturing jobs, with the option for further expansion as demand grows. The 21-gig.

Accelera by Cummins, Daimler Truck and PACCAR Select Mississippi for Battery Cell Production in the United States

COLUMBUS, Ind. & PORTLAND, Ore. & BELLEVUE, Wash.--(BUSINESS WIRE)--Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. [NYSE: CMI], Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; “Daimler Truck”] and PACCAR [NASDAQ: PCAR] have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture. The joint venture will localize battery cell production for commercial electric.

Accelera by Cummins, Daimler Truck and PACCAR select Mississippi for battery cell production in the United States

Evaluate the expected performance of Paccar (PCAR) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Curious about Paccar (PCAR) Q4 Performance? Explore Wall Street Estimates for Key Metrics

PACCAR (PCAR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why PACCAR (PCAR) Might Surprise This Earnings Season

Paccar (PCAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Paccar (PCAR) Earnings Expected to Grow: Should You Buy?

Paccar (PCAR) closed at $94.05 in the latest trading session, marking a -0.58% move from the prior day.

Paccar (PCAR) Stock Falls Amid Market Uptick: What Investors Need to Know

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Paccar (PCAR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Paccar (PCAR) Upgraded to Buy: What Does It Mean for the Stock?

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3 Reasons Why Growth Investors Shouldn't Overlook Paccar (PCAR)

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Paccar, the owner of brands such as Peterbilt and Kenworth, has shown strong revenue growth and consistent dividend payouts. The company's focus on execution, efficiency, and its service business has contributed to its success and profitability. While the stock is currently trading at an all-time high, long-term investors may still find value in Paccar's business model and execution.

Paccar Announces (Again) A Christmas Gift

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In the latest trading session, Paccar (PCAR) closed at $95.38, marking a -0.15% move from the previous day.

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News for PACCAR Stock (PCAR)