Company Performance - Paccar (PCAR) closed at $95.70, reflecting a +0.61% change from the previous day, outperforming the S&P 500's daily gain of 0.13% [1] - Over the past month, Paccar's shares experienced a slight decline of 0.05%, underperforming the Auto-Tires-Trucks sector, which gained 6.71%, and the S&P 500, which gained 3.67% [1] Upcoming Earnings - Paccar's earnings report is scheduled for October 22, 2024, with projected EPS of $1.82, indicating a 22.22% decrease compared to the same quarter last year [2] - Revenue is expected to be $7.56 billion, reflecting an 8.13% decline from the corresponding quarter of the previous year [2] Annual Estimates - For the annual period, Zacks Consensus Estimates predict earnings of $8.08 per share and revenue of $31.84 billion, representing declines of -15.92% and -4.44% respectively from the previous year [3] Analyst Estimates and Stock Performance - Recent changes in analyst estimates for Paccar are crucial for investors, as positive revisions may indicate optimism about the company's outlook [3][4] - The Zacks Rank system, which evaluates estimated changes, currently ranks Paccar at 3 (Hold), with a consensus EPS projection that has decreased by 0.08% in the past 30 days [5] Valuation Metrics - Paccar is trading at a Forward P/E ratio of 11.78, which is below the industry average Forward P/E of 13.33 [6] - The company has a PEG ratio of 1.47, compared to the Automotive - Domestic industry's average PEG ratio of 1.42 [7] Industry Context - The Automotive - Domestic industry, part of the Auto-Tires-Trucks sector, holds a Zacks Industry Rank of 155, placing it in the bottom 39% of over 250 industries [8]

Group 1 - Directed Technologies has been selected as the telematics supply partner for PACCAR Mexico, with their hardware and cloud-based solutions to be integrated into DAF trucks starting September 2024 [1] - PACCAR Mexico holds a significant 36% market share in the class 8 truck segment, and the 'PACCAR Connect' technology will enhance productivity, safety, and operational cost management for DAF Mexico customers [2] - Mexico is becoming a key hub for advanced electronics and vehicle manufacturing, with a shift from Asian production, and vehicles produced there are exported throughout North America and globally [3] Group 2 - The logistics environment in Mexico demands high standards for connected vehicle OEM solutions, which Directed Technologies' telematics devices are designed to meet [4] - The partnership with PACCAR Mexico highlights the ability to deliver secure telematics solutions tailored to the needs of fleet operators in emerging markets [5] - This partnership marks a significant milestone for Directed Technologies in its global expansion strategy, being the first Tier 1 OEM supply deal in Latin America [6] Group 3 - The collaboration with PACCAR Mexico is a strategic move for Directed Technologies, aligning with the ongoing shift of production from Asia to Mexico, which is critical for technological advancements in logistics and vehicle management [7]

The most recent trading session ended with Paccar (PCAR) standing at $94.97, reflecting a +1.84% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily gain of 1.16%. At the same time, the Dow added 1.2%, and the tech-heavy Nasdaq gained 1.16%. The truck maker's stock has climbed by 0.42% in the past month, falling short of the Auto-Tires-Trucks sector's gain of 4.18% and the S&P 500's gain of 3.48%. Market participants will be closely following the financia ...

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It has been about a month since the last earnings report for Paccar (PCAR) . Shares have lost about 2.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Paccar due for a breakout? 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 Q2 Earnings Beat Estimates PACCAR recorded earni ...

Investment Rating - The report maintains an "Overweight" rating for the company [1][3]. Core Views - The company is experiencing a decline in profitability due to the fading pandemic benefits, with a 1.2% year-over-year decrease in revenue to $8.8 billion and an 8.1% drop in net profit to $1.12 billion in Q2 2024 [2][3]. - Truck deliveries decreased by 6.7% year-over-year to 48,400 units, while truck sales revenue fell by 3.7% to $6.58 billion [2][3]. - The company has lowered its industry sales guidance for North America and Canada to 240,000-280,000 units, down from the previous forecast of 250,000-290,000 units, marking the second downward revision this year [2][4]. - Despite the overall industry decline, the company has managed to increase its market share in North America from 27.7% to 31.5% year-over-year [2][3]. Market Data - As of August 5, 2024, the closing price is $91.93, with a total market capitalization of $48.192 billion and total assets of $41.177 billion [1]. - The company’s net assets stand at $17.703 billion, with a book value per share of $33.79 [1]. Financial Performance - The company reported a gross margin of 18% in Q2 2024, the lowest since 2023, and has guided for a further decline to 17% in Q3 2024 [2][3]. - The parts business saw a revenue increase of 4.1% to $1.66 billion, with a gross margin of 30.3% [2][3]. - The forecast for global industry sales in 2024 is a decline of 13.3% compared to 2023, with total expected sales of 605,000 to 695,000 units [2][4].

Consolidated revenues (including trucks and financial services) came in at $8.77 billion, down from $8.88 billion in the corresponding quarter of 2023. Sales from Trucks, Parts and Others were $8.26 billion. Financial Services segment revenues came in at $509.8 million, higher than the year-ago quarter's $439.8 million and our estimate of $507.5 million. Pre-tax income decreased to $111.2 million from $144.7 million reported in the year-ago period and also fell short of our projection of $142.3 million. PAC ...

Financial Performance - PACCAR achieved revenues of $8.7 billion in the second quarter of 2024 [175] - PACCAR Parts achieved pretax income of $414 million in the second quarter of 2024 [175] - Net income for the second quarter of 2024 was $1.123 billion [259] - PACCAR Financial Services' total assets reached $21.333 billion as of June 30, 2024 [197] - PACCAR achieved $22,500 net income per truck in 2023 [64] Market and Products - Trucking moves 72% of U S freight [78] - PACCAR produced 204,200 trucks in 2023 [42] - New Kenworth T680 features 7% greater fuel economy [21] - DAF's new truck models offer 10% greater fuel efficiency [31] Strategy and Investments - PACCAR has invested $7.8 billion in capital projects, new products, and technologies in the last decade [106] - PACCAR is investing in a battery cell joint venture with a total investment of $2-3 billion and a capacity of 21 GWh [126] - PACCAR has an average dividend yield of 3.8% over the last ten years [76]

Paccar (PCAR) came out with quarterly earnings of $2.13 per share, missing the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $2.33 per share a year ago. These figures are adjusted for nonrecurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Over the last four quarters, the company has surpassed consensus EPS estimates th ...

Exhibit 99.1 PACCAR Inc Public Affairs Department P.O. Box 1518 Bellevue, WA 98009 PACCAR Achieves Excellent Quarterly Revenues and Profits PACCAR earned net income of $1.12 billion ($2.13 per diluted share) in the second quarter compared to $1.22 billion ($2.33 per diluted share) earned in the same period last year. Second quarter net sales and financial services revenues were $8.77 billion, compared to $8.88 billion achieved in the second quarter of 2023. Financial Highlights – Second Quarter 2024 Highlig ...