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Mar 31, 2024
Paccar Q1 2024 Earnings Report
PACCAR reported excellent revenues and net income.
Key Takeaways
PACCAR's Q1 2024 results reflect ongoing demand for premium quality trucks, aftermarket parts, and financial services, leading to excellent revenues and net income.
Consolidated revenues reached $8.74 billion.
Net income was $1.20 billion.
PACCAR Parts achieved record revenue of $1.68 billion.
Cash provided by operations totaled $1.47 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Capital expenditures are projected to be in the range of $700-$750 million and research and development expenses are estimated to be in the range $460-$500 million in 2024.
Positive Outlook
- Increasing investment in new powertrains
- Advanced manufacturing capabilities and capacity
- Aftermarket distribution capabilities
- Construction of 21-gigawatt hour (GWh) factory in Marshall County, Mississippi, in the second quarter of 2024
- Factory start production in 2027
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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