Paccar (PCAR) Q1 2025 Earnings Call April 29, 2025 04:16 PM ET Speaker0 Good morning, and welcome to PACCAR's First Quarter twenty twenty five Earnings Conference Call. All lines will be in listen only mode until the question and answer session. Today's call is being recorded. And if anyone has an objection, you should disconnect at this time. I would now like to introduce Mr. Ken Hastings, PACCAR's Director, Investor Relations. Mr. Hastings, please go ahead. Speaker1 Good morning. We would like to welcome ...

Core Insights - PACCAR Inc. reported earnings of $1.46 per share for Q1 2025, missing the Zacks Consensus Estimate of $1.57 and declining from $2.27 in the same period last year [1] - Consolidated revenues were $7.44 billion, down from $8.74 billion in Q1 2024, with Truck, Parts, and Others sales at $6.91 billion [1] Revenue Breakdown - Truck segment revenues totaled $5.23 billion, lower than $6.54 billion in the prior-year quarter and missing the estimate of $5.43 billion; global truck deliveries were 40,100 units, down from 48,110 units in Q1 2024 [2] - Parts segment revenues were $1.69 billion, slightly up from $1.68 billion year-over-year and matching estimates; pre-tax income was $426.5 million, down from $455.8 million [3] - Financial Services segment revenues reached $528 million, higher than $509.3 million in the year-ago quarter but below the estimate of $553 million; pre-tax income increased to $121.1 million from $113.9 million [4] Expense and Financial Position - Selling, general and administrative expenses decreased to $143.3 million from $147.6 million year-over-year; R&D expenses rose to $115.4 million from $105.5 million [5] - As of March 31, 2025, PACCAR's cash and marketable debt securities totaled $8.1 billion, down from $9.65 billion as of December 31, 2024 [5] Future Outlook - Capital expenditures for 2025 are projected between $700 million and $800 million; R&D expenses are estimated to be in the range of $450 million to $480 million [6]