PACCAR(US:PCAR)2023-04-25 19:03Financial Performance - PACCAR achieved an adjusted net income of $1180 million in the first quarter of 2023[90, 101], compared to $601 million in the first quarter of 2022[90]. - PACCAR Parts achieved record revenues of $1.6 billion in the first quarter of 2023[101, 233], a 17% increase[233], and a record pretax profit of $439 million[101, 233], a 29% increase[233]. - PACCAR Financial Services' total assets reached $17.2 billion as of December 31, 2022[82, 140]. - PACCAR's average return on invested capital (ROIC) over the last five years was 22%[4]. - PACCAR's net income per truck was $16,200 in 2022[158]. Market and Production - PACCAR produced 185,900 trucks in 2022[150]. - PACCAR's sales totaled $6.4 billion in the first quarter of 2023, up 37% compared to the previous year[229]. - PACCAR delivered 51,100 trucks in the first quarter of 2023[90, 101, 221], compared to 43,000 units in the same period last year[90, 221]. Strategy and Investments - PACCAR has invested $7.3 billion in capital projects, new products, and technologies in the last decade ended 2022[25]. - PACCAR Parts has achieved a sales CAGR of 9% and a profit CAGR of 13% over the last 20 years[64]. - PACCAR is targeting 10% market share for Kenworth and DAF products in South America[93].