PACCAR(PCAR) - 2025 Q4 - Annual Report
PACCARPACCAR(US:PCAR)2026-02-18 21:06

Employee Statistics - As of December 31, 2025, the company had approximately 25,900 employees, with about 40% based in the U.S.[42] Environmental Responsibility - The company has invested significantly in technologies to improve fuel efficiency, aiming to reduce greenhouse gas emissions, with a focus on highly fuel-efficient diesel engines and next-generation electric and hybrid powertrains[47][48] - PACCAR's factories are ISO 14001 certified, and over 80% of them are zero waste-to-landfill[46] - The company has publicly disclosed greenhouse gas emissions since 2014 and has set reduction targets approved by the Science Based Targets Initiative (SBTi)[44] - The company is committed to environmental responsibility, continuously seeking ways to reduce waste and conserve energy in its operations[46] - PACCAR's remanufacturing efforts include a new engine remanufacturing facility in Columbus, Mississippi, aimed at reducing waste and enhancing sustainability[51] Financial Risks - The potential loss in fair value from a 10% unfavorable change in foreign currency exchange rates is estimated at $96.8 million for contracts outstanding at December 31, 2025, down from $126.3 million in 2024[205] - The potential loss in fair value from a 10% unfavorable change in commodity prices is estimated at $0.9 million for contracts outstanding at December 31, 2025, compared to no loss in 2024[206] Technological Advancements - The company is collaborating with partners to produce commercial vehicle batteries in a 21-gigawatt hour factory in Mississippi, with investment timing under review due to changing market conditions[53] - The company has introduced the PACCAR Connect fleet management system, providing real-time data to improve fleet efficiency and reduce fuel consumption[52]