PACCAR Inc's Stock Analysis

Executive Leadership Changes at PACCAR Inc Announced

Darrin C. Siver, Executive Vice President of PACCAR Inc, will retire on January 5, 2026, after 32 years with the company. His announcement was made on September 2, 2025.

John N. Rich, currently Senior Vice President and Chief Technology Officer, will take over responsibilities for Peterbilt Motors Company on the same date. Laura J. Bloch, Senior Vice President, will continue overseeing Kenworth Truck Company and PACCAR Parts while also taking on Corporate Quality and Purchasing responsibilities effective January 5, 2026.

Sep 05, 2025 16:05:16

PACCAR Reports Second Quarter 2025 Financial Results and Metrics

PACCAR Inc reported consolidated net sales and revenues of $7.51 billion for the second quarter of 2025, with a net income of $723.8 million, or $1.37 per diluted share. This marks a decrease from $1.12 billion in net income in the same quarter of the previous year. For the first half of 2025, the company achieved net income of $1.23 billion, including a non-recurring charge related to civil litigation in Europe, and total revenues of $14.95 billion. The company's PACCAR Parts division reached record revenues of $1.72 billion in the second quarter, contributing significantly to overall profitability.

In the truck market, PACCAR delivered 39,300 units globally in the second quarter, with Kenworth and Peterbilt capturing a combined market share of 30.4% in North America. The company continues to invest in its operations, with capital expenditures of $226.8 million and research and development expenses of $112.9 million during the quarter. PACCAR Financial Services also reported a pre-tax income of $123.2 million, reflecting growth in its portfolio and an improving used truck market. The company maintains a strong balance sheet with stockholders’ equity of $18.94 billion.

Jul 22, 2025 08:05:31

PACCAR Reports Q1 2025 Financial Results and Litigation Charge

PACCAR Inc announced its financial results for the first quarter of 2025, reporting revenues of $7.44 billion and a net income of $505.1 million, which includes a $264.5 million after-tax charge related to civil litigation in Europe. Excluding this charge, the adjusted net income was $769.6 million, or $1.46 per diluted share. The company also noted record revenue from PACCAR Parts at $1.69 billion and a pretax income of $426.5 million. PACCAR Financial Services reported a pretax income of $121.1 million, reflecting a 6% increase from the previous year.

The company is facing uncertain economic conditions in the North American truck market, with retail sales estimates for Class 8 trucks ranging between 235,000 to 265,000 units for 2025. PACCAR is expanding its DAF truck factory in Brazil to enhance production capabilities and has invested significantly in research and development, with plans for further capital expenditures this year. The company will also hold a conference call to discuss these results and future strategies, which may provide additional insights for investors.

Apr 29, 2025 08:05:13

PACCAR Reports $33.66 Billion in Annual Revenues for 2024

PACCAR achieved annual revenues of $33.66 billion in 2024, reflecting strong performance in its truck and parts segments, and notable profitability from PACCAR Parts and Financial Services. The company declared cash dividends totaling $4.17 per share, including a year-end dividend of $3.00 per share. Additionally, PACCAR celebrated its 86th consecutive year of net income and delivered 185,300 vehicles worldwide, while launching new initiatives like Amplify Cell Technologies for battery manufacturing. The company also received several awards for its trucks and parts, highlighting its commitment to quality and innovation.

However, PACCAR experienced a decline in both quarterly and annual revenues compared to 2023, with fourth-quarter revenues dropping to $7.91 billion from $9.08 billion in the previous year. Net income also decreased to $872.0 million in the fourth quarter of 2024 from $1.42 billion in the same quarter of 2023, and annual net income fell to $4.16 billion from $4.60 billion in 2023. The company noted that the previous year's results included a significant non-recurring charge related to civil litigation, which affected comparisons. Despite these challenges, PACCAR's financial results were described as the second best in company history.

Jan 28, 2025 08:05:10

PACCAR Reports Strong Quarterly Performance Despite Revenue Decline

PACCAR Inc has reported strong financial results for the third quarter of 2024, achieving net income of $972.1 million, although this reflects a decrease from $1.23 billion in the same quarter last year. The company’s revenues also dipped to $8.24 billion from $8.70 billion, primarily due to a softer truckload segment. Despite these declines, PACCAR's truck and parts operations performed well, with robust sales and profits driven by high-quality products and strong aftersales support. The company demonstrated solid performance in its financial services sector, contributing to overall profitability.

The company highlighted its market leadership, with Kenworth and Peterbilt trucks capturing a significant market share amidst strong infrastructure spending in the U.S. PACCAR Parts also reported increased revenues and strong pretax profits, showcasing the effectiveness of its logistics operations. However, the financial services division saw a decline in pretax income compared to the previous year, reflecting a normalization in the used truck market. Overall, while PACCAR faced some revenue challenges, its strong operational performance and strategic investments position it well for future growth.

Oct 22, 2024 08:05:08

PACCAR Reports Strong Q2 2024 Revenue and Profit Growth

PACCAR announced solid financial results for Q2 2024, with net income of $1.12 billion, despite a slight revenue decline from last year. Truck and parts operations thrived, contributing to strong sales. The company’s financial services also performed well, although profits were slightly down. Investments in capital and research continue to enhance their product offerings. Overall, PACCAR shows resilience and growth in a competitive market.

Jul 23, 2024 08:05:16

PACCAR Inc Elects New Directors

PACCAR Inc elects Pierre Breber and Brice Hill to its Board of Directors, bringing valuable finance and technology industry experience. Both executives will enhance PACCAR's global growth strategy. PACCAR is a leading global technology company specializing in high-quality truck manufacturing and related services.

May 03, 2024 16:06:06

PACCAR Inc Reports Strong Financial Performance in Q1 2024

PACCAR Inc achieved excellent revenues and net income in Q1 2024, attributing success to demand for premium trucks and aftermarket services. Quarterly revenues reached $8.74 billion, with net income of $1.20 billion. Record PACCAR Parts revenue and profits were highlighted. The company's investments in new truck models and technology are enhancing operating margins. PACCAR Financial Services also reported good quarterly profits. PACCAR is focusing on developing next-generation products and technologies, with significant investments in facilities and R&D.

Apr 30, 2024 08:10:14

PACCAR Inc Achieves Record Revenues and Net Income in 2023

PACCAR reported record revenues and net income in 2023, with quarterly revenues of $9.08 billion, a 54% increase in net income, and a $4.60 billion annual net income. The company achieved its 85th consecutive year of net income, declared cash dividends of $4.24 per share, and announced joint ventures for battery cell manufacturing. Additionally, PACCAR Parts and PACCAR Financial Services contributed significantly to the company's success in 2023, achieving record annual revenues and profits.

Jan 23, 2024 08:10:10

PACCAR Inc Achieves Record Quarterly Earnings and Strong Parts Profits

PACCAR Inc achieved record net income for the third quarter of 2023, with excellent margins and parts profits driving the results. The company reported net income of $1.23 billion in the third quarter, 60% higher than the same period last year. Revenues for the quarter were $8.70 billion, a 23% increase from the previous year. PACCAR Parts achieved strong revenues and pretax profits, with pretax profit of $412.3 million in the third quarter and revenues of $1.58 billion. PACCAR Financial Services also achieved strong results, earning pretax income of $133.8 million in the third quarter.

Oct 24, 2023 08:10:13