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 ...

Core Insights - Paccar reported revenue of $7.7 billion for Q3 2024, a decrease of 6.4% year-over-year, with EPS at $1.85 compared to $2.34 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $7.57 billion by 1.80%, and EPS also surpassed the consensus estimate of $1.82 by 1.65% [1] Revenue and Earnings Performance - Truck deliveries totaled 44,900, exceeding the average estimate of 43,379 [1] - Parts revenue was $1.66 billion, slightly above the average estimate of $1.65 billion, reflecting a year-over-year increase of 4.8% [1] - Truck sales revenue was $6.03 billion, compared to the estimated $5.88 billion, but showed a decline of 9.2% year-over-year [1] - Financial Services revenue reached $536.10 million, surpassing the average estimate of $489.87 million, with a year-over-year growth of 15.5% [1] Profitability Metrics - Pretax profit from Financial Services was $106.50 million, slightly below the average estimate of $107.94 million [1] - Pretax profit from Parts was $406.70 million, exceeding the average estimate of $380.31 million [1] - Pretax profit from Truck was $630.80 million, which fell short of the average estimate of $685.15 million [1] Stock Performance - Paccar shares have returned +11% over the past month, outperforming the Zacks S&P 500 composite's +2.8% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [2]

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 ...

In its upcoming report, Paccar (PCAR) is predicted by Wall Street analysts to post quarterly earnings of $1.82 per share, reflecting a decline of 22.2% compared to the same period last year. Revenues are forecasted to be $7.55 billion, representing a year-over-year decrease of 8.2%. The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial est ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Paccar (PCAR) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 22, 2024, might help the stock move higher if these key numbers are better than expec ...

Company Performance - Paccar's stock closed at $98.13, showing a +0.33% change from the previous day, outperforming the S&P 500 which fell by 0.13% [1] - Over the past month, Paccar's stock has increased by 3.34%, which is below the Auto-Tires-Trucks sector's gain of 10.12% and above the S&P 500's gain of 2.43% [1] Upcoming Financial Results - Paccar is set to announce its earnings on October 22, 2024, with an expected EPS of $1.82, reflecting a decrease of 22.22% from the same quarter last year [2] - The consensus estimate for quarterly revenue is $7.56 billion, down 8.13% from the previous year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $8.08 per share and revenue of $31.8 billion, indicating declines of -15.92% and -4.54% respectively from the last year [3] - Recent adjustments to analyst estimates for Paccar are important as they reflect short-term business trends, with positive revisions indicating analyst optimism [3] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Paccar at 4 (Sell) [5] - Paccar's Forward P/E ratio is 12.11, which is lower than the industry average of 13.61, suggesting it is trading at a discount [6] - The company has a PEG ratio of 1.51, compared to the industry average of 1.45 [7] Industry Context - The Automotive - Domestic industry, which includes Paccar, has a Zacks Industry Rank of 167, placing it in the bottom 34% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Paccar (PCAR) closed the latest trading day at $99.17, indicating a +0.38% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.56%. Shares of the truck maker have appreciated by 3.05% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 6% and outperforming the S&P 500's gain of 1.65%. The investment community ...

In the latest market close, Paccar (PCAR) reached $96.32, with a -1.7% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.29% for the day. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 0.31%. The truck maker's shares have seen an increase of 2.4% over the last month, not keeping up with the AutoTires-Trucks sector's gain of 2.42% and outstripping the S&P 500's gain of 1.57%. Market participants will be closely fo ...