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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.
Paccar
Paccar
Paccar Revenue by Segment
Paccar Revenue by Geographic Location
Revenue by Segment
Truck sales Revenue
CapyFin.comParts Revenue
CapyFin.comFinancial services Revenue
CapyFin.comOther & eliminations Revenue
CapyFin.comRevenue by Geographic Location
US & Canada Revenue
CapyFin.comEurope Revenue
CapyFin.comOther regions Revenue
CapyFin.com 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