Paccar (PCAR) closed the latest trading day at $105.18, indicating a +0.46% change from the previous session's end. This move lagged the S&P 500's daily gain of 1.1%. At the same time, the Dow added 0.91%, and the tech-heavy Nasdaq gained 1.35%.Prior to today's trading, shares of the truck maker had lost 10.16% over the past month. This has lagged the Auto-Tires-Trucks sector's gain of 12.47% and the S&P 500's gain of 0.22% in that time.The investment community will be paying close attention to the earnings ...

Paccar (PCAR) closed the most recent trading day at $118.41, moving +1.34% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.61%. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.31%.Shares of the truck maker witnessed a gain of 8.12% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 22.95% and outperforming the S&P 500's gain of 5.79%.The investment community will be paying close att ...

It has been about a month since the last earnings report for Paccar (PCAR) . Shares have added about 6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Paccar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. PACCAR Q3 Earnings Beat Expectations, Revenues Decline Y/Y ...

Group 1 - Deere & Company has appointed R. Preston Feight to its board of directors, increasing the board size to 12 members, with 11 being independent directors [1][4] - Feight is currently the CEO of PACCAR Inc, a Fortune 500 company known for its high-quality trucks and advanced technology in powertrains and driver assistance systems [2][3] - His leadership at PACCAR has been marked by advancements in engineering, manufacturing, and technology, which aligns with Deere's transformation journey towards a Smart Industrial Operating Model [3][4] Group 2 - Feight has 26 years of experience at PACCAR, holding various leadership roles, including executive vice president and CEO since July 2019 [3] - He holds a Bachelor of Science in Mechanical Engineering and a Master of Science in Engineering Management, and is a licensed professional engineer and commercial truck driver [4] - Deere & Company is a global leader in agricultural, turf, construction, and forestry equipment, focusing on technology-enabled products to meet increasing global needs [5]

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 September 30, 2024 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) Delaware 91-0351110 (State or other jurisdiction of incorporation ...

Financial Data and Key Metrics Changes - PACCAR reported a net income of $972 million on revenues of $8.2 billion, resulting in an after-tax return on revenue of 11.8% [4] - PACCAR Parts' revenues increased by 5% to $1.66 billion, with pre-tax profits of $407 million [4][7] - PACCAR Financial Services earned pre-tax income of $107 million in the third quarter [6][8] - The company's net income for the first nine months of the year was $3.3 billion, with an operating cash flow of $3.2 billion [8] Business Line Data and Key Metrics Changes - Truck deliveries totaled 44,900 in Q3, with expectations of around 42,000 in Q4 [6] - PACCAR Parts achieved gross margins of 30.1% in Q3, with expectations of 15.5% to 16% for Q4 [7] - The used truck market in North America has normalized, while it remains soft in Europe [8] Market Data and Key Metrics Changes - The U.S. and Canadian Class-8 market is estimated at 260,000 trucks for this year, with a forecast of 250,000 to 280,000 for next year [4] - In Europe, truck industry registrations in the above 16-tonne segment are estimated at around 300,000 vehicles for this year, with expectations of 270,000 to 300,000 for 2025 [5] - The South American above 16-tonne market is projected to be between 110,000 to 120,000 trucks this year, with similar expectations for next year [6] Company Strategy and Development Direction - PACCAR is focused on expanding manufacturing capacity across various regions, including Europe, the U.S., Mexico, Brazil, and Australia [8] - The company is investing in advanced technologies and premium truck lineups to position itself for industry-leading performance [9] - PACCAR aims to maintain a strong market share in the vocational segment, which is expected to remain robust due to ongoing infrastructure investments [5][42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the vocational market and indicated that the truckload sector is stabilizing [10][12] - There are expectations for a potential improvement in the freight market, which could lead to increased truck purchases in 2025 [22][52] - Management noted that inventory levels are healthy, with a current dealer inventory of 2.9 months [20][21] Other Important Information - Capital expenditures for this year are projected to be between $760 million and $800 million, with R&D expenses estimated at $450 million to $470 million [8] - The company opened a new distribution center in Massbach, Germany, to enhance parts delivery efficiency [7] Q&A Session Summary Question: Pricing dynamics and expectations for Q4 - Management indicated that pricing was flat in Q3, while costs increased by 3%, with expectations for potential price-cost tension relief in 2025 [10][11] Question: Gross margin expectations for 2025 - Management suggested that Q4 gross margins could serve as a base for 2025, with expectations for improvement as the year progresses [12][13] Question: Inventory levels and market conditions - Management confirmed that their inventory is healthy at 2.9 months, and they are comfortable with their current levels [20][21] Question: European market production plans - Management stated that they plan to build to demand in Europe, despite current market challenges [25][26] Question: Parts profitability outlook - Management noted that parts pricing was up 3% while costs were up 4%, and they expect continued growth in parts sales [30][34] Question: Future capacity and market share - Management confirmed that they will not be capacity constrained and anticipate growth in the coming years [70] Question: Used truck market normalization - Management indicated that the used truck market is normalizing, with a healthy inventory position [71][74]

PACCAR Inc. (PCAR) recorded earnings of $1.85 per share for the third quarter of 2024, which beat the Zacks Consensus Estimate of $1.82 but declined from $2.34 per share recorded in the year-ago period. Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.Consolidated revenues (including trucks and financial services) came in at $8.24 billion, down from $8.70 billion in the corresponding quarter of 2023. Sales from Trucks, Parts and Others were $7.7 billion.Key TakeawaysRevenues from the ...

For the quarter ended September 2024, Paccar (PCAR) reported revenue of $7.7 billion, down 6.4% over the same period last year. EPS came in at $1.85, compared to $2.34 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $7.57 billion, representing a surprise of +1.80%. The company delivered an EPS surprise of +1.65%, with the consensus EPS estimate being $1.82.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Paccar (PCAR) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $2.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.65%. A quarter ago, it was expected that this truck maker would post earnings of $2.15 per share when it actually produced earnings of $2.13, delivering a surprise of -0.93%.Over the last four quarters, the company has su ...

Exhibit 99.1 Contact: Ken Hastings (425) 468-7530 ken.hastings@paccar.com PACCAR Inc Public Affairs Department P.O. Box 1518 Bellevue, WA 98009 FOR IMMEDIATE RELEASE PACCAR Achieves Excellent Quarterly Revenues and Profits October 22, 2024, Bellevue, Washington– "PACCAR achieved excellent revenues and net income in the third quarter of 2024," said Preston Feight, chief executive officer. "PACCAR's truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and stron ...