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Mar 31, 2020
Paccar Q1 2020 Earnings Report
PACCAR reported good revenues and net income for the first quarter of 2020, but truck deliveries were impacted by temporary facility closures.
Key Takeaways
PACCAR's first quarter revenues were $5.16 billion, with a net income of $359.4 million ($1.03 per diluted share). Results were impacted by temporary closures of truck manufacturing facilities due to coronavirus mandates, though PACCAR Parts achieved record results.
First quarter revenues reached $5.16 billion.
Net income was reported at $359.4 million, or $1.03 per diluted share.
PACCAR Parts achieved record results, supporting essential shipments.
Kenworth and Peterbilt’s U.S. and Canada Class 8 truck retail sales market share increased to 30.4%.
Revenue by Segment
Forward Guidance
The outlook for global economies and truck markets is weaker due to the coronavirus pandemic. It is difficult to estimate 2020 truck industry retail sales in North America, Europe and South America.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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