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Jun 30, 2020
Paccar Q2 2020 Earnings Report
PACCAR achieved good quarterly revenues and net income.
Key Takeaways
PACCAR's Q2 2020 net income was $147.7 million ($.43 per diluted share), with net sales and financial services revenues of $3.06 billion. The company closed factories for five weeks at the beginning of the quarter and gradually resumed production.
PACCAR achieved good quarterly revenues and net income in the second quarter of 2020.
PACCAR closed its factories for five weeks at the beginning of the quarter and has gradually resumed production.
PACCAR Parts’ aftermarket sales steadily increased as the quarter progressed.
PACCAR is in excellent financial position, with manufacturing cash and marketable securities of $4.17 billion at June 30, 2020 and bank facilities of $3.0 billion.
Revenue by Segment
Forward Guidance
PACCAR estimates capital investments to be in a range of $525-$575 million, and research and development expenses to be in a range of $265-$295 million.
Positive Outlook
- Aerodynamic truck models
- Diesel and zero emissions powertrain technologies
- Advanced driver assistance systems
- Connected vehicle services
- Next-generation manufacturing and distribution capabilities
Historical Earnings Impact
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Avg. Return Before/After Earnings
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