Paccar Inc

PCAR

Equity

ISIN null / Valor 959712

NASDAQ (2025-11-21)

USD 102.99+5.52%

Paccar Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Paccar Inc is a global technology leader in the design, manufacture, and customer support of premium light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. In addition to trucks, Paccar also designs and manufactures advanced diesel engines, provides financial services, information technology, and distributes truck parts related to its principal business. Paccar Financial Services offers finance, lease, and insurance services to dealers and customers in 24 countries, with a portfolio of more than 180,000 trucks and trailers. The company operates an extensive dealer network of 2,200 locations worldwide, with approximately half of its revenues and profits generated outside the United States. Paccar Parts provides aftermarket support to dealers and customers globally, with customer call centers operating 24 hours a day and technologically advanced systems for inventory control and order processing. Additionally, Kenworth Truck Company, Peterbilt Motors, and DAF Trucks manufacture premium commercial vehicles for sale in various regions around the world.

Summarized from source with an LLMView SourceSector: Industrials

Record Net Income

Paccar Inc. achieved a net income of $1.23 billion ($2.34 per diluted share) in the third quarter of 2023, marking a 60% increase from the $769 million ($1.47 per diluted share) reported in the third quarter of 2022.

Revenue Growth

Third quarter revenues surged to $8.70 billion, representing a 23% increase compared to the $7.06 billion earned in the same quarter last year.

Strong Gross Margins

The company maintained excellent gross margins of 19.5% across its Truck, Parts, and Other segments, reflecting efficient operations and effective cost management.

Exceptional Parts Division Performance

Paccar Parts reported third-quarter revenues of $1.58 billion and a pretax income of $412.3 million, up from $1.47 billion and $373.6 million respectively in the third quarter of 2022. The division's success is driven by industry-leading logistics and innovative technology solutions.

Financial Services Success

Paccar Financial Services earned a pretax income of $133.8 million in the third quarter of 2023, with revenues reaching $464.1 million, compared to $371.9 million in the same period last year. This growth is supported by a high-quality portfolio and robust market presence.

Dividend Declaration

The Board of Directors declared a regular quarterly cash dividend of $0.27 per share, payable on December 6, 2023, maintaining the company's tradition of returning approximately 50% of net income to shareholders annually.

Capital Investments and R&D

Paccar Inc. continues to invest in innovation and capacity expansion, with significant capital expenditures enhancing manufacturing efficiency and supporting the development of new truck models like the flagship Peterbilt 589.

Summarized from source with an LLMView Source

Key figures

-9.70%1Y

-1.31%3Y

16.0%5Y

Performance

28.5%1Y

35.9%3Y

32.1%5Y

Volatility