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]

Company Performance - Paccar reported quarterly earnings of $1.85 per share, exceeding the Zacks Consensus Estimate of $1.82 per share, but down from $2.34 per share a year ago, representing an earnings surprise of 1.65% [1] - The company posted revenues of $7.7 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.80%, but down from $8.23 billion year-over-year [1] - Over the last four quarters, Paccar has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [1] Future Outlook - The sustainability of Paccar's stock price movement will depend on management's commentary during the earnings call and the company's earnings outlook [2][3] - The current consensus EPS estimate for the coming quarter is $1.81 on revenues of $7.57 billion, and for the current fiscal year, it is $8.08 on revenues of $31.81 billion [4] - The estimate revisions trend for Paccar is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Automotive - Domestic industry, to which Paccar belongs, is currently in the bottom 27% of over 250 Zacks industries, which may impact stock performance [5] - Rivian Automotive, another company in the same industry, is expected to report a quarterly loss of $0.88 per share, with revenues projected to be $968.3 million, down 27.6% from the previous year [5]

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 ...

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]