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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Paccar Inc. The Group's principal activity is to design, manufacture and distribute commercial trucks and related aftermarket parts. It operates in two segments: Trucks and Financial service. The Truck segment designs and manufactures light, medium and heavy-duty trucks and related parts. The Financial services segment provides finance and leasing products and services provided to truck customers and dealers. It also manufactures and markets industrial winches. The trademarks of the Group are Peterbilt, Kenworth, DAF, Braden, Carco, and Gearmatic. The Group has operations in the United States, UK, Netherlands, Australia, Mexico and Canada.

A rebounding U.S. economy should help sustain the recent growth in new truck orders, PACCAR Inc. (NASDAQ: PCAR) CEO Preston Feight said Tuesday. “Basically the truck industry is doing pretty well,” Feight said on a call with analysts following the release of fourth-quarter earnings.

Upbeat PACCAR raises truck production estimate

PACCAR, Inc. (PCAR) CEO Preston Feight on Q4 2020 Results - Earnings Call Transcript

“It speaks to an issue in the industry, which is the costs are falling on owner-operators when the [clean air] benefits are much more widespread than that.” The success of California's ambitious zero-emission truck programs hinges on providing financial incentives to small trucking companies so they can afford to buy the vehicles, which cost roughly three times as much as diesel models.

Owner-operators, small trucking companies key to success of clean truck programs

For 2021, PACCAR (PCAR) projects capex and R&D expenses in the range of $575-$625million and $350-$375 million, respectively.

PACCAR's (PCAR) Q4 Earnings Miss Mark, Sales Top Estimates

Paccar (PCAR) delivered earnings and revenue surprises of -5.65% and 1.52%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Paccar (PCAR) Q4 Earnings Lag Estimates

PACCAR Inc. (NASDAQ: PCAR) reported lower revenue and profits in the fourth quarter, reflecting an overhang from the coronavirus pandemic. The Bellevue, Washington-based truck maker reported fourth-quarter revenue of $5.57 billion compared to $6.12 billion reported in the same period in 2019.

PACCAR reports lower Q4 sales and earnings

BELLEVUE, Wash.--(BUSINESS WIRE)--“PACCAR (Nasdaq: PCAR) reported good annual revenues and profits in 2020,” said Preston Feight, chief executive officer. “PACCAR's results reflect the company's premium-quality products and services, excellent operational efficiency and strong aftermarket parts sales. I am very proud of our employees who have delivered outstanding products and transportation solutions to our customers while demonstrating the highest commitment to health and safety at all PACCAR

PACCAR Achieves Good Annual Revenues and Net Income

On Tuesday, January 26, PACCAR (NASDAQ:PCAR) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Earnings Preview: PACCAR

PACCAR's (PCAR) fourth-quarter 2020 results are likely to reflect gains from higher demand for Class 8 trucks and persistent growth in aftermarket parts.

PACCAR (PCAR) Gears Up for Q4 Earnings: Factors at Play

The vehicle maker signed a deal to improve the autonomy of its vehicles.

Here's What Drove PACCAR Stock Higher Today

Truck manufacturer PACCAR Inc (NASDAQ:PCAR) just announced a partnership with self-driving car startup Aurora.

PCAR Moves Higher on Self-Driving Truck Deal

Paccar shares jumped around 3% Wednesday after the semi-truck manufacturer announced a strategic partnership with the Amazon-backed autonomous driving start-up Aurora. The two companies are looking to combine their respective expertise to develop, test, and sell semi-trucks powered by Aurora's autonomous-driving technology.

Paccar shares rise on deal with Amazon-backed Aurora for autonomous driving tech (PCAR)

PACCAR's (PCAR) latest deal with Aurora will aid the truck maker in its pursuit of revolutionizing the autonomous trucking industry.

PACCAR (PCAR), Aurora to Jointly Develop Autonomous Big Rigs

Fresh from its takeover of Uber ATG in December, autonomous vehicle company Aurora has signed an agreement with heavy-duty truck manufacturer PACCAR (NASDAQ: PCAR) to commercialize autonomous Peterbilt and Kenworth trucks.  This collaboration, the latest in the series of deals between self-driving vehicle technology companies and OEMs, will integrate the Aurora Driver and PACCAR's autonomous vehicle platform, which the truck maker has been quietly developing over the past few years.

PACCAR and Aurora to build autonomous trucks

BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR (Nasdaq: PCAR) and Aurora have signed a global, strategic agreement to develop, test and commercialize autonomous Peterbilt and Kenworth trucks. This collaboration will integrate PACCAR's autonomous vehicle platform with the Aurora Driver to enhance the safety and operational efficiency of PACCAR's customers. In the strategic partnership, PACCAR provides autonomous-enabled vehicles with industry-leading quality, durability and reliability resulting from

PACCAR and Aurora Form Strategic Partnership to Develop Autonomous Trucks

The alliance with the maker of Kenworth and Peterbilt semis is the Silicon Valley startup's biggest news since acquiring Uber's autonomous tech unit.

Aurora, Paccar Partner On Autonomous Tech For Big Rigs As Robotruck Race Intensifies

Self-driving startup Aurora inked a partnership with PacCar to develop driverless trucks to be deployed in North America.

Aurora partners with PacCar to develop driverless trucks

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Truck makers so far are being spared impacts of a semiconductor shortage that forced a Ford Motor Co. plant in Louisville, Kentucky, to close for a week and is affecting other automakers. Semiconductors, microchips and silicon wafers perform control and memory functions in engine control modules, safety systems and telematics.

When will truck makers feel the sting of semiconductor shortage?

PACCAR (PCAR) has seen solid earnings estimate revision activity over the past two months, and belongs to a strong industry as well.

Why PACCAR (PCAR) Stock Might be a Great Pick

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BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR Financial Corp. (PFC) will be delisting its 1.650% Senior Notes due August 11, 2021 from the New York Stock Exchange and listing its 1.650% Senior Notes due August 11, 2021 on the Nasdaq Bond Exchange effective December 21, 2020 after market close. The 1.650% Senior Notes due August 11, 2021 are expected to begin trading as Nasdaq-listed securities on December 22, 2020. The respective trading symbols and CUSIP numbers are as follows: Series of Debt Secur

PACCAR Financial Corp. Transferring the Listing of Debt Securities to Nasdaq

Paccar Inc. said Tuesday it will pay an extra cash dividend of 70 cents a share, payable Jan. 6 to shareholders of record on Dec. 18. That's on top of a regular quarterly cash dividend declared Tuesday of 32 cents a share, payable March 2 to shareholders of record on Feb. 9.

Paccar to pay out an extra dividend of 70 cents a share, on top of its regular quarterly dividend

When PACCAR Inc. (NASDAQ: PCAR) looked at possible locations for a new engine plant 14 years ago, it settled on Columbus, Mississippi, because it is close to key transportation logistics networks and a potential talent pool at nearby colleges and universities. The state-of-the-art plant recently marked its 10th anniversary.

PACCAR marks decade of making engines in Mississippi

2020 has proven to be a tough year for most firms, including PACCAR. Despite this, the future is looking bright for the industry leader.

PACCAR: Expect Nice Returns For The Long Haul

BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR (Nasdaq:PCAR) recognizes its Columbus, Mississippi engine factory for 10 years of manufacturing excellence and a strong commitment to its community. “PACCAR is very proud of the Columbus, Mississippi engine factory's achievements in the first 10 years,” said Preston Feight, PACCAR chief executive officer. “Our excellent employees and the plant's advanced manufacturing capabilities have created a great environment for building the industry's best engines.

News for PACCAR Stock (PCAR)