Summary of Key Points from the Conference Call Industry Overview - **Industry**: U.S. Machinery and Electricals - **Focus**: Impact of recent policy changes by the Trump Administration on various sub-sectors including electricals, construction, agriculture, and trucks [1][11] Core Insights and Arguments 1. Policy Impact on Renewables - The Trump Administration's policies are de-prioritizing renewables, negatively impacting companies like Quanta (PWR) which derives 30% of sales from this sector [2][49] - The OBBBA cuts tax credits for renewables, shortening the eligibility timeframe from 2032 to 2027, leading to a projected slowdown in construction activity post-2025 [16][54] - Construction costs are rising due to stricter domestic content requirements and tariffs, which could drive renewables to ex-growth from 2025-2030 [2][18] 2. Construction Sector Stimulus - The reinstatement of 100% bonus depreciation for qualified property under the OBBBA is expected to stimulate construction activity, unlocking nearly $90 billion in additional non-residential construction spending, a 7% increase compared to 2024 levels [3][67] - This change is anticipated to benefit construction OEMs such as OSK, URI, ETN, CAT, TRMB, HUBB, DE, and J [3][12] 3. Agriculture Equipment Demand - Changes in biofuels policy, including a 75% increase in biomass-based diesel production mandated by the EPA, could lead to a 10% increase in agricultural equipment demand [4][84] - The extension of clean fuel tax credits from 2027 to 2029 and increased subsidies for biofuels are expected to positively impact companies like Deere, AGCO, and CNH [4][101] 4. Truck OEM Competitive Landscape - The Section 232 investigation into commercial vehicle manufacturing is likely to favor U.S.-based manufacturers like PACCAR (PCAR) by reversing the current tariff structure that disadvantages U.S. manufacturers [5][104] - Current tariffs create a cost disadvantage for U.S. truck manufacturers, as they face higher costs due to imported components [107][110] Additional Important Insights - The overall economic reorientation towards investment rather than consumption is expected to benefit the machinery and electrical sectors [13] - The anticipated slowdown in renewable energy construction does not imply a complete decline, as electricity demand continues to grow at a CAGR of 1.5-2% [28][40] - Historical context indicates that previous cuts to renewable tax credits led to significant underperformance in the sector, suggesting potential risks ahead [46] - The bonus depreciation changes are expected to lead to mid-single-digit earnings growth for companies like Oshkosh, Eaton, and United Rentals [79][82] Company Ratings and Price Targets - **Outperform Ratings**: Trimble (TP $99), Jacobs (TP $163), PACCAR (TP $118), Eaton (TP $410), Hubbell (TP $511) [7][8] - **Market-Perform Ratings**: AGCO (TP $118), Caterpillar (TP $447), Deere (TP $548), Cummins (TP $385), United Rentals (TP $885), Titan America (TP $15), Oshkosh (TP $132), Quanta (TP $410) [7][8] This summary encapsulates the key points discussed in the conference call, highlighting the implications of policy changes on various sectors and companies within the U.S. Machinery and Electricals industry.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2025 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 001-14817 PACCAR Inc (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware ...

PACCAR Inc. PCAR reported second-quarter earnings that beat analyst expectations on Tuesday, while quarterly sales narrowly missed estimates.The company reported second-quarter earnings per share of $1.37, beating the analyst consensus estimate of $1.34. Quarterly sales of $6.962 billion missed the Street view of $6.979 billion."PACCAR's investments in new trucks such as DAF's 2025 truck range, advanced manufacturing, and technology-enabled aftermarket solutions, will support customers' and the company's gr ...

PACCAR's cash and marketable debt securities amounted to $8.28 billion as of June 30, 2025, compared with $9.65 billion as of Dec. 31, 2024. Revenues from the Trucks segment totaled $5.24 billion in the second quarter, lower than the prior-year quarter's $6.58 billion. The metric, however, surpassed our estimate of $5.03 billion. Global truck deliveries came in at 39,300 units, higher than our projection of 38,203 units but down from 48,400 units delivered in the corresponding quarter of 2024. The segment's ...

Financial Data and Key Metrics Changes - PACCAR achieved revenues of $7.5 billion and adjusted net income of $724 million in the second quarter [6] - PACCAR Parts recorded quarterly revenues of $1.72 billion and pretax income of $417 million, marking record revenues [6] - PACCAR Financial Services increased pretax income to $123 million, up from $111 million a year earlier [11] - Gross margins for PACCAR's truck, parts, and other segments were 13.9% in the second quarter, with expectations of around 13% for the third quarter [8] Business Line Data and Key Metrics Changes - PACCAR Parts is projected to grow year-over-year part sales by 4% to 6% in the third quarter [10] - PACCAR delivered 39,300 trucks in the second quarter and anticipates delivering around 32,000 to 33,000 in the third quarter [8] - The truck market in North America is estimated to be between 230,000 to 260,000 trucks for the year [6] Market Data and Key Metrics Changes - The European above 16-ton market is projected to be in the range of 270,000 to 300,000 trucks for 2025 [7] - The South American above 16-ton truck market is expected to be between 90,000 to 100,000 vehicles this year [7] - Customer demand in the less-than-truckload and vocational segments is reported to be good [6] Company Strategy and Development Direction - PACCAR is investing $750 million to $800 million in capital investments and $450 million to $480 million in R&D for technology and innovation projects [12] - The company is focused on delivering industry-leading support for customers through PACCAR Parts and Financial Services [10][12] - PACCAR aims to enhance market clarity and benefit from tariff policy clarifications [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the North American market strengthening as tariff policies become clearer and the truckload market gains momentum [9] - The company anticipates that regulatory emission standards will drive truck purchases as customers prepare for upcoming changes [34] - Management noted that the vocational market remains strong due to ongoing infrastructure spending [81] Other Important Information - PACCAR's engine remanufacturing plant is expected to be operational in the first quarter of next year, with an annual capacity of about 5,000 remanufactured engines [68] - The company is building another used truck center in Warsaw, Poland, to support the sale of premium used trucks [11] Q&A Session Summary Question: Comments on strong sequential price improvement performance - Management noted that tariffs had a significant impact on pricing in Q2 and expect an increased impact in Q3 [15][16] Question: Discussions on Section 232 with the government - Management indicated ongoing investigations and speculated that conclusions could be reached sooner than expected [18] Question: Impact of the One Big Beautiful Bill Act on customer engagement - Management confirmed that customers are starting to engage regarding the '26 order season due to cash benefits from the legislation [24][25] Question: Stability of U.S. and Canada deliveries in the second half - Management highlighted factors such as overcapacity and regulatory standards that could influence order dynamics [32][34] Question: Guidance for parts growth in Q3 - Management reiterated strong performance in parts and expected continued growth due to effective customer service [37][39] Question: Inventory setup and industry dynamics - Management expressed confidence in their inventory position compared to industry averages [56] Question: Medium duty truck market outlook - Management indicated a favorable inventory position and potential for improvement in the medium duty market [96][97] Question: Pricing dynamics and customer relationships - Management confirmed that tariff surcharges are included in pricing, allowing for future pricing stability [85] Question: Growth opportunities in trucks versus parts and financial services - Management emphasized that trucks will continue to be essential for freight movement, with parts and financial services as growth areas [92]

Financial Data and Key Metrics Changes - PACCAR achieved revenues of $7.5 billion and adjusted net income of $724 million in Q2 2025, reflecting strong financial performance [5] - PACCAR Parts recorded quarterly revenues of $1.72 billion and pretax income of $417 million, marking record revenues despite a flat parts market [5][10] - PACCAR Financial Services reported pretax income of $123 million, up from $111 million a year earlier, indicating strong credit quality [11] Business Line Data and Key Metrics Changes - PACCAR delivered 39,300 trucks in Q2 and anticipates delivering 32,000 to 33,000 trucks in Q3, influenced by seasonal production adjustments [7] - PACCAR Parts is expected to grow year-over-year sales by 4% to 6% in Q3, driven by ongoing investments in capacity and services [10] - The gross margins for PACCAR's truck, parts, and other segments were 13.9% in Q2, with expectations of around 13% for Q3 due to uncertain tariff structures [7] Market Data and Key Metrics Changes - The U.S. and Canadian Class 8 truck market is estimated to be between 230,000 to 260,000 trucks for the year, influenced by economic conditions and market uncertainties [5] - The European above 16-ton truck market is projected to be in the range of 270,000 to 300,000, while South America's market is expected to be 90,000 to 100,000 vehicles [6] Company Strategy and Development Direction - PACCAR is investing $750 million to $800 million in capital expenditures and $450 million to $480 million in R&D, focusing on clean diesel technology and advanced driver assistance systems [12] - The company aims to enhance market clarity through clarification of trade policies, which could benefit PACCAR and its customers [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the North American market strengthening as tariff policies become clearer and the truckload market gains momentum [8] - The company anticipates that regulatory changes regarding NOx emissions standards will drive demand for new trucks as customers prepare for upcoming regulations [34] Other Important Information - Over 90% of PACCAR's U.S.-delivered trucks are produced in American factories, highlighting the company's commitment to domestic manufacturing [8] - The company is building a new used truck center in Warsaw, Poland, to support the sale of premium used trucks [11] Q&A Session Summary Question: Comments on strong sequential price improvement performance - Management noted that tariff impacts were significant in Q2 and expect an increased impact on pricing in Q3 due to tariff structures [16][17] Question: Discussions on Section 232 with the government - Management indicated ongoing investigations and speculated that the review period might be shorter than expected, which could lead to favorable outcomes for PACCAR [19] Question: Impact of tariffs on a per-unit basis in Q3 - Management estimated a quarterly effect of around $75 million due to tariffs, with variability depending on material costs [20] Question: Customer engagement regarding the '26 order season - Management confirmed that customers are starting to engage regarding orders due to recent legislation benefiting their cash positions [24] Question: Stability of U.S. and Canada deliveries in the second half - Management highlighted overcapacity in the truckload sector as a factor affecting orders, but expressed confidence in future improvements due to regulatory changes and tariff clarity [32] Question: Guidance for parts growth in Q3 - Management reiterated a forecast of 4% to 6% growth in parts sales, driven by strong customer service and increased shipping days in Europe [35] Question: Inventory setup and industry dynamics - Management reported that PACCAR's inventory levels are well-positioned compared to industry averages, with a focus on maintaining discipline in production [58] Question: Outlook for the European market - Management expressed confidence in the European market, citing strong market share and positive customer feedback on new products [77][80] Question: Pricing dynamics and customer relationships - Management confirmed that they have a tariff surcharge in place, allowing for future pricing discussions with customers [86] Question: Medium duty truck market outlook - Management indicated a favorable inventory position in the medium duty market and potential stimulation from upcoming emission standards [98]

July 2025 Page 1 Disclosure Regarding Forward-Looking Statements This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, which may cause actual results to differ materially. A summary of risks and uncertainties is described in more detail in our periodic reports filed with the Securities and Exchange Commission (SEC). We undertake no duty to update or revise this presentation, whether a ...

[Overall Performance and Outlook](index=1&type=section&id=Overall%20Performance%20and%20Outlook) [Q2 2025 Financial Performance](index=1&type=section&id=Q2%202025%20Financial%20Performance) PACCAR reported a decline in revenues and net income for Q2 2025 compared to Q2 2024, reflecting a significant year-over-year decrease Q2 2025 vs Q2 2024 Key Financials | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Net Sales & Financial Services Revenues | $7.51 billion | $8.77 billion | -14.4% | | Net Income | $723.8 million | $1.12 billion | -35.5% | | Diluted EPS | $1.37 | $2.13 | -35.7% | Q2 2025 Operational & Financial Highlights | Highlight | Value | | :--- | :--- | | Consolidated Net Sales and Revenues | $7.51 billion | | Consolidated Net Income | $723.8 million | | Global Truck Deliveries | 39,300 units | | PACCAR Parts Revenues | $1.72 billion (Record) | | PACCAR Parts Pre-tax Income | $416.5 million | | PACCAR Financial Services Pre-tax Income | $123.2 million | | Cash Generated from Operations | $833.4 million | [First Half 2025 Financial Performance](index=1&type=section&id=First%20Half%202025%20Financial%20Performance) PACCAR's first half 2025 net income was $1.23 billion, impacted by a significant after-tax charge from European litigation First Half 2025 Key Financials | Metric | Value | | :--- | :--- | | Net Sales & Financial Services Revenues | $14.95 billion | | Net Income (GAAP) | $1.23 billion | | Diluted EPS (GAAP) | $2.33 | | Adjusted Net Income (Non-GAAP) | $1.49 billion | | Adjusted Diluted EPS (Non-GAAP) | $2.83 | - The first half results were impacted by a **$264.5 million** after-tax non-recurring charge related to civil litigation in Europe[3](index=3&type=chunk) [Management Commentary and Outlook](index=1&type=section&id=Management%20Commentary%20and%20Outlook) Management noted strong divisional performance despite North American market headwinds, continuing investments for future growth - The CEO highlighted strong performance from Peterbilt, Kenworth, DAF, PACCAR Parts, and PACCAR Financial Services[2](index=2&type=chunk) - The North American truck market is facing headwinds from economic conditions, tariffs, and a soft truckload market[4](index=4&type=chunk) - Customer demand is good in the less-than-truckload and vocational segments, such as construction[4](index=4&type=chunk) [Business Segment and Market Analysis](index=2&type=section&id=Business%20Segment%20and%20Market%20Analysis) [Global Truck Markets](index=2&type=section&id=Global%20Truck%20Markets) PACCAR provided 2025 industry sales estimates for key global truck markets, maintaining strong North American share and highlighting product innovation [U.S. and Canada Market](index=2&type=section&id=U.S.%20and%20Canada%20Market) The 2025 U.S. and Canada Class 8 truck market is estimated at **230,000-260,000 units**, with Kenworth and Peterbilt achieving **30.4%** market share - 2025 U.S. and Canada Class 8 truck industry retail sales are estimated to be in a range of **230,000-260,000 trucks**[6](index=6&type=chunk) - Kenworth and Peterbilt achieved a **30.4% market share** in the first six months of 2025[6](index=6&type=chunk) [European Market](index=2&type=section&id=European%20Market) European truck registrations for 2025 are projected at **270,000-300,000 units**, with DAF's new models offering a **three percent** fuel efficiency improvement - 2025 European truck industry registrations (>16-tonne) are estimated to be in a range of **270,000-300,000 vehicles**[7](index=7&type=chunk) - DAF's 2025 model year trucks have increased fuel efficiency by **three percent** through innovations in turbo systems, engine valve timing, and aerodynamics[7](index=7&type=chunk) [South American Market](index=3&type=section&id=South%20American%20Market) The 2025 South American truck market (>16-tonnes) is estimated at **90,000-100,000 units**, with DAF's quality driving customer appreciation - The 2025 South American >16-tonne truck market is estimated to be in the range of **90,000-100,000 units**[10](index=10&type=chunk) [PACCAR Parts](index=3&type=section&id=PACCAR%20Parts) PACCAR Parts achieved record Q2 2025 revenues and strong profits, driven by strategic investments and year-over-year growth PACCAR Parts Financial Performance (in millions) | Period | Revenues | Pre-tax Income | | :--- | :--- | :--- | | **Q2 2025** | **$1,720** (Record) | **$416.5** | | Q2 2024 | $1,660 | $413.8 | | **H1 2025** | **$3,410** | **$843.0** | | H1 2024 | $3,340 | $869.6 | - Growth is attributed to investments in 20 global parts distribution centers, transportation solutions like Managed Dealer Inventory, and a growing number of PACCAR trucks in operation[14](index=14&type=chunk) [PACCAR Financial Services (PFS)](index=4&type=section&id=PACCAR%20Financial%20Services%20(PFS)) PACCAR Financial Services reported strong Q2 and H1 2025 results, with revenue and pre-tax income growth driven by portfolio quality and market improvements PFS Financial Performance (in millions) | Period | Revenues | Pre-tax Income | | :--- | :--- | :--- | | **Q2 2025** | **$547.7** | **$123.2** | | Q2 2024 | $509.8 | $111.2 | | **H1 2025** | **$1,075.7** | **$244.3** | | H1 2024 | $1,019.1 | $225.1 | - PFS has a portfolio of **233,000 trucks and trailers**, with total assets of **$23.31 billion**[16](index=16&type=chunk) - The company's **A+/A1 credit ratings** enable competitive financing and PFS issued **$1.84 billion** of medium-term notes during the first half of 2025[17](index=17&type=chunk) [Strategic Initiatives and Investments](index=4&type=section&id=Strategic%20Initiatives%20and%20Investments) [Product Innovation (Electric Trucks)](index=4&type=section&id=Product%20Innovation%20(Electric%20Trucks)) PACCAR launched its next generation of Kenworth and Peterbilt battery electric trucks, offering enhanced range and aerodynamic refinements - New battery electric trucks launched include the Kenworth T680E, Peterbilt 579EV, Kenworth T880E, and Peterbilt 567EV[18](index=18&type=chunk)[19](index=19&type=chunk) - The new electric trucks have a range of up to **250 miles** on a single charge[18](index=18&type=chunk) [Capital and R&D Investments](index=5&type=section&id=Capital%20and%20R%26D%20Investments) PACCAR continues significant investments in facilities, products, and technologies, with substantial capital and R&D expenditures projected for 2025 Investment Spending (in millions) | Period | Capital Expenditures | R&D Expenses | | :--- | :--- | :--- | | Q2 2025 | $226.8 | $112.9 | | 2025 Projection | $750 - $800 | $450 - $480 | - Over the past decade, PACCAR has invested **$9.0 billion** in new and expanded facilities, innovative products, and new technologies[21](index=21&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) [Summary Statements of Operations](index=6&type=section&id=Summary%20Statements%20of%20Operations) The summary statement of operations indicates a year-over-year decline in revenues and net income for Q2 and H1 2025, with H1 impacted by a litigation charge Q2 2025 vs Q2 2024 Income Statement (in millions) | Line Item | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Total Net Sales and Revenues | $7,510.5 | $8,772.1 | | Total Income Before Income Taxes | $931.9 | $1,460.8 | | Net Income | $723.8 | $1,122.6 | H1 2025 vs H1 2024 Income Statement (in millions) | Line Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Total Net Sales and Revenues | $14,952.2 | $17,516.4 | | Total Income Before Income Taxes | $1,575.0 | $2,995.3 | | Net Income | $1,228.9 | $2,317.9 | [Condensed Balance Sheets](index=7&type=section&id=Condensed%20Balance%20Sheets) PACCAR's balance sheet as of June 30, 2025, shows strong total assets of **$44.1 billion** and stockholders' equity of **$18.9 billion** Balance Sheet Highlights (in millions) | Account | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Cash and marketable securities | $8,279.7 | $9,649.9 | | Total Assets | $44,094.8 | $43,418.9 | | Total Liabilities | $25,152.2 | $25,912.0 | | Stockholders' Equity | $18,942.6 | $17,506.9 | [Condensed Cash Flow Statements](index=8&type=section&id=Condensed%20Cash%20Flow%20Statements) PACCAR generated **$1.74 billion** in cash from operations in H1 2025, a decrease from 2024, with significant cash usage in investing and financing Six Months Ended June 30 Cash Flow (in millions) | Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | $1,743.7 | $1,909.0 | | Net Cash Used in Investing Activities | $(1,010.1) | $(1,569.8) | | Net Cash Used in Financing Activities | $(2,425.8) | $(1,579.3) | | Net Decrease in Cash and Cash Equivalents | $(1,510.9) | $(1,310.2) | [Segment and Geographic Information](index=9&type=section&id=Segment%20and%20Geographic%20Information) The Truck segment experienced significant declines in sales and profit, while Parts saw higher sales but lower profit, and Financial Services grew both H1 2025 Sales and Pretax Profit by Segment (in millions) | Segment | H1 2025 Sales | H1 2025 Pretax Profit | H1 2024 Pretax Profit | | :--- | :--- | :--- | :--- | | Truck | $10,468.9 | $673.7 | $1,718.9 | | Parts | $3,410.8 | $843.0 | $869.6 | | Financial Services | $1,075.7 | $244.3 | $225.1 | H1 2025 vs H1 2024 Geographic Revenue (in millions) | Region | H1 2025 | H1 2024 | | :--- | :--- | :--- | | United States and Canada | $9,375.8 | $11,253.5 | | Europe | $3,239.8 | $3,550.2 | | Other | $2,336.6 | $2,712.7 | H1 2025 vs H1 2024 New Truck Deliveries (Units) | Region | H1 2025 | H1 2024 | | :--- | :--- | :--- | | United States and Canada | 45,200 | 58,200 | | Europe | 21,000 | 23,100 | | Other | 13,200 | 15,200 | | **Total** | **79,400** | **96,500** | [Supplementary Information](index=10&type=section&id=Supplementary%20Information) [Reconciliation of GAAP to Non-GAAP Measures](index=10&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures) PACCAR provides a non-GAAP reconciliation, adjusting for a **$264.5 million** after-tax charge in Q1 2025 related to European civil litigation - The company recorded an additional pre-tax charge of **$350.0 million** (**$264.5 million** after-tax) in Q1 2025 for EC-related claims[39](index=39&type=chunk) H1 2025 GAAP to Non-GAAP Reconciliation (in millions, except per share) | Metric | Value | | :--- | :--- | | Net income (GAAP) | $1,228.9 | | EC-related claims, net of taxes | $264.5 | | **Adjusted net income (non-GAAP)** | **$1,493.4** | | Diluted EPS (GAAP) | $2.33 | | EC-related claims, net of taxes (per share) | $0.50 | | **Adjusted diluted EPS (non-GAAP)** | **$2.83** |

Company Performance - Paccar's stock price decreased by 1.4% to $94.05, underperforming the S&P 500's gain of 0.54% on the same day [1] - Over the past month, Paccar's shares increased by 5.15%, outperforming the Auto-Tires-Trucks sector's gain of 0.25% and the S&P 500's gain of 4.2% [1] Upcoming Earnings - Paccar's earnings report is scheduled for July 22, 2025, with projected EPS of $1.28, reflecting a 39.91% decline year-over-year [2] - Revenue is expected to be $6.82 billion, indicating a 17.49% decrease compared to the same quarter of the previous year [2] Full-Year Estimates - Zacks Consensus Estimates forecast Paccar's full-year earnings at $5.72 per share and revenue at $27.74 billion, representing year-over-year declines of 27.59% and 12.12%, respectively [3] - Recent changes in analyst estimates may indicate shifting business dynamics, with positive revisions suggesting optimism about the business outlook [3] Zacks Rank and Valuation - Paccar currently holds a Zacks Rank of 2 (Buy), with a Forward P/E ratio of 16.67, which is higher than the industry's Forward P/E of 11.44 [5] - The Zacks Rank system has a strong track record, with 1 stocks averaging a 25% annual return since 1988 [5] PEG Ratio and Industry Context - Paccar has a PEG ratio of 3.52, compared to the average PEG ratio of 1.2 for Automotive - Domestic stocks [6] - The Automotive - Domestic industry is ranked 174 in the Zacks Industry Rank, placing it in the bottom 30% of over 250 industries [7]

Core Viewpoint - Paccar (PCAR) is expected to report a significant decline in quarterly earnings and revenues, with earnings per share projected at $1.28, down 39.9% year over year, and revenues forecasted at $6.82 billion, a decrease of 17.5% compared to the previous year [1]. Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has been revised 0.2% higher over the last 30 days, indicating a slight positive adjustment by analysts [1]. - Analysts predict 'Sales and Revenues- Parts' will reach $1.69 billion, reflecting a year-over-year increase of 1.5% [4]. - The combined estimate for 'Sales and Revenues- Truck' is $5.00 billion, indicating a significant decline of 23.9% year over year [4]. Group 2: Truck Deliveries - Total truck deliveries are expected to be 38,175, down from 48,400 in the same quarter last year [5]. - 'Truck deliveries - Other' are projected at 6,754, compared to 8,200 in the previous year [6]. - 'Truck deliveries - Europe' are estimated at 10,119, down from 11,500 year over year [6]. - 'Truck deliveries - U.S and Canada' are forecasted at 21,302, a decrease from 28,700 in the same quarter last year [7]. Group 3: Profit Estimates - 'Pretax Profit- Financial Services' is expected to reach $107.09 million, slightly down from $111.20 million year over year [7]. - 'Pretax Profit- Parts' is projected at $407.62 million, compared to $413.80 million in the same quarter last year [7]. - 'Pretax Profit- Truck' is estimated at $339.90 million, a significant drop from $837.30 million year over year [8]. Group 4: Market Performance - Over the past month, Paccar shares have returned +5.2%, outperforming the Zacks S&P 500 composite's +4.2% change [8]. - Paccar currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near future [8].