PACCAR(US:PCAR)2025-04-30 11:19Financial Performance - PACCAR's 2024 revenues reached $33.7 billion [9], with a net income of $4.2 billion [9] - The company's average dividend yield in 2024 was 4.0% [9] - PACCAR Parts achieved record sales of $6.67 billion and pretax profits of $1.71 billion in 2024 [164] - In the first quarter of 2025, PACCAR reported revenues of $7.442 billion [215] and adjusted net income of $770 million [215], resulting in an adjusted return on revenues of 10.3% [215] Truck Production and Market - PACCAR produced 185,300 trucks in 2024 [51] - The company has produced over 738,000 MX engines in Europe and over 347,000 engines in North America [104] - PACCAR Financial financed 25% of all Kenworth, Peterbilt, and DAF trucks in 2024 [185] - Kenworth and Peterbilt combined have approximately 40% share in the vocational segment in the US and Canada [200] Innovation and Technology - New Kenworth T680 and Peterbilt Model 579 trucks offer 7% greater fuel economy [19, 22] - DAF's new truck models offer 13% greater fuel efficiency [36] - PACCAR is investing in a battery cell joint venture with a total project investment of $2-3 billion and a capacity of 21 GWh, with production starting in 2027 [119]