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Mar 31, 2023
Paccar Q1 2023 Earnings Report
PACCAR reported record revenues and excellent net income.
Key Takeaways
PACCAR achieved record quarterly revenues of $8.47 billion in the first quarter of 2023. The company reported net income of $733.9 million ($1.40 per diluted share). Excluding a non-recurring charge, the company earned adjusted net income (non-GAAP) of $1.18 billion ($2.25 per diluted share).
Record consolidated revenues of $8.47 billion.
Net income of $733.9 million.
Record PACCAR Parts revenue of $1.62 billion.
Record PACCAR Parts pretax income of $438.6 million.
Revenue by Segment
Forward Guidance
U.S. and Canada Class 8 truck industry retail sales are estimated to be in a range of 280,000-320,000 trucks in 2023. European truck industry registrations in the above 16-tonne market in 2023 are estimated to be in the range of 280,000-320,000 trucks. The South American above 16-tonne truck market is projected to be in the range of 115,000-125,000 trucks in 2023.
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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