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Jun 30, 2022
Paccar Q2 2022 Earnings Report
PACCAR achieved record quarterly revenues and profits due to increased deliveries of new truck models and record parts performance.
Key Takeaways
PACCAR reported record revenues and net income in Q2 2022, driven by increased deliveries of new truck models, excellent gross margins, and record PACCAR Parts results. Net income increased by 45% compared to the same period last year, and net sales and financial services revenues also saw significant growth.
PACCAR achieved record revenues and net income in the second quarter of 2022.
PACCAR Parts achieved record quarterly sales and profits.
PACCAR Financial Services delivered excellent profitability.
Global truck deliveries reached 46,900 units.
Paccar
Paccar
Paccar Revenue by Segment
Revenue by Segment
Truck sales Revenue
CapyFin.comParts Revenue
CapyFin.comFinancial services Revenue
CapyFin.comOther & eliminations Revenue
CapyFin.com Forward Guidance
Capital investments are estimated to be in a range of $425-$475 million, and research and development expenses to be in a range of $330-$350 million, this year.
Positive Outlook
- Increasing investment in clean diesel and electric powertrain technologies
- Focus on autonomous systems
- Focus on connected vehicle services
- Focus on next-generation manufacturing
- Focus on parts distribution capabilities
Revenue & Expenses
Visualization of income flow from segment revenue to net income