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.

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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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Credit Suisse analyst Jamie Cook raised the price target to $114 (an upside of 20%) from $109 and maintained an Outperform rating on the shares.

Analysts Bump Up PACCAR Price Target After Better-Than-Expected Q4 Results

PACCAR Inc (PCAR) CEO Preston Feight on Q4 2021 Results - Earnings Call Transcript

PACCAR (PCAR) reports impressive Q4 earnings and sales led by strong demand for trucks and aftermarket parts.

PACCAR (PCAR) Q4 Earnings & Revenues Top Estimates, Rise Y/Y

Paccar Inc. set Q4 records for aftermarket parts and financial services while boosting new truck deliveries by 45% over Q3, all contributors to top- and bottom-line beats of analysts' estimates in financial results. The Bellevue, Washington-based parent of the Kenworth, Peterbilt and DAF truck brands said it earned $511.4 million, or $1.47 per diluted share, in the October-December 2021 period, 26% higher than the same quarter a year ago.

Paccar blows away top and bottom lines in Q4 financials

Paccar (PCAR) delivered earnings and revenue surprises of 12.21% and 16.95%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Paccar (PCAR) Surpasses Q4 Earnings and Revenue Estimates

BELLEVUE, Wash.--(BUSINESS WIRE)--“PACCAR reported very good annual revenues and net income in 2021,” said Preston Feight, chief executive officer. “PACCAR's results reflect record aftermarket parts and financial services profits. Customer demand for the new Kenworth, Peterbilt and DAF trucks introduced in 2021 is very strong. Kenworth, Peterbilt and DAF delivered 47,600 trucks in the fourth quarter, 45% higher than in the third quarter, reflecting an improvement in the global supply chain. I a

PACCAR Achieves Very Good Annual Revenues and Net Income

The Zacks Consensus Estimate for PACCAR's (PCAR) Q4 earnings and revenues is pegged at $1.31 per share and $5.38 billion, respectively.

How PACCAR (PCAR) is Placed Ahead of Q4 Earnings Release

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Bernstein updated ratings for three Machinery stocks, believing that the concerns about the end of the machinery cycle in 2022 are "overdone" and sees an uneven sector setup into 2022. Bernstein analyst Chad Dillard upgraded Caterpillar Inc. (NYSE:CAT) to Outperform from Market Perform with a $240 price target, implying an upside of 19%.

Bernstein Upgrades Caterpillar, PACCAR To Outperform; Downgrades AGCO

Bernstein analyst Chad Dillard upgraded PACCAR Inc (NASDAQ:PCAR) to Outperform from Market Perform and raised the price target to $98 (an upside of 16%) from $94. Dillard says concerns about the end of the machinery cycle in 2022 are overdone; he adds that the market does not fully appreciate the pricing opportunity, which will drive $1.07 of EPS growth in 2022.

Bernstein Upgrades PACCAR To Outperform, Sees 16% Upside

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Oakmark Fund manager Bill Nygren (Trades, Portfolio) disclosed his third-quarter portfolio earlier this week.

Bill Nygren Cruises Into Paccar, Trims 2 Top Holdings

Paccar Inc. PCAR, +0.03% said Tuesday that shareholders of record on Dec. 17 will be paid an extra cash dividend of $1.50 a share on Jan. 5, 2022. The truck maker's stock slipped less than 0.1% in afternoon trading.

Paccar to pay out extra dividend of $1.50 a share, effectively boosting implied yield to above 3%

BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR Inc's Board of Directors today declared a regular quarterly cash dividend of thirty-four cents ($.34) per share, payable on March 1, 2022, to stockholders of record at the close of business on February 8, 2022. The Board of Directors declared an extra cash dividend in the amount of one dollar and fifty cents ($1.50) per share, payable on January 5, 2022, to stockholders of record at the close of business on December 17, 2021. “PACCAR has generated excell

PACCAR Announces Regular Quarterly Cash Dividend and Extra Cash Dividend

PCAR has underperformed the market by 32% since we made it a Long Idea in July 2020, per Figure 1. Despite its underperformance, we believe the stock still presents favorable upside.

PACCAR Will Drive More Profits

Strong brand awareness, manufacturing expertise, and a large distribution network give this company a leg up in an industry facing change.

PACCAR Inc. Will Drive More Profits

Paccar (PCAR) reported earnings 30 days ago. What's next for the stock?

Paccar (PCAR) Up 3.4% Since Last Earnings Report: Can It Continue?

BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR is launching its SuperTruck 3 program to continue the development of its Class 8 Kenworth and Peterbilt battery electric and fuel cell vehicles, along with its vehicle charging stations. SuperTruck 3 is a DOE initiative to develop state of the art zero emissions medium- and heavy-duty trucks. PACCAR received a $33 million matching grant for the highly selective program. “The SuperTruck 3 award underscores PACCAR's industry leadership in zero emissions co

PACCAR Partners with U.S. Department of Energy (DOE) on SuperTruck 3 Program

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Truck manufacturers Paccar Inc., Daimler Trucks North America and Volvo Group North America snagged the lion's share of $127 million in federal SuperTruck 3 money to pursue advanced battery-electric and fuel cell electric truck projects. Funding also went to automakers General Motors Co. and Ford Motor Co. to develop Class 4-6 medium-duty projects.

Paccar, Daimler, Volvo get bulk of $127M in SuperTruck 3 funding

PACCAR Inc. (PCAR) CEO Preston Feight on Q3 2021 Results - Earnings Call Transcript

PACCAR's (PCAR) Trucks segment posts Q3 pretax profit of $78.5 million, tanking 62.8% year over year. The reported figure also misses the consensus mark of $188 million.

PACCAR (PCAR) Q3 Earnings Miss on Weak Profits From Trucks Unit

Paccar (PCAR) delivered earnings and revenue surprises of -10.74% and 5.58%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Paccar (PCAR) Q3 Earnings Miss Estimates

Shares of Paccar Inc. PCAR, +0.26% shed 0.8% in premarket trading Tuesday, after the truck maker reported a surprise decline in third-quarter profit but revenue that rose above forecasts, as the semiconductor shortage reduced deliveries by more than 17%. Net income fell to $377.7 million, or $1.08 a share, from $385.5 million, or $1.11 a share, in the year-ago period.

News for PACCAR Stock (PCAR)