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Jun 30, 2024
Paccar Q2 2024 Earnings Report
PACCAR reported excellent revenues and net income due to robust truck and parts operations, and good profitability from financial services.
Key Takeaways
PACCAR achieved excellent financial results in Q2 2024, with strong revenues and net income driven by its truck and parts operations, as well as financial services.
PACCAR achieved net income of $1.12 billion ($2.13 per diluted share).
Second quarter net sales and financial services revenues were $8.77 billion.
Global truck deliveries reached 48,400 units.
PACCAR Parts revenues totaled $1.66 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
PACCAR anticipates continued growth through strategic investments and market expansion.
Positive Outlook
- U.S. and Canada Class 8 truck industry retail sales are estimated to be in a range of 240,000-280,000 trucks in 2024.
- European truck industry registrations in the above 16-tonne segment are estimated to be in a range of 260,000-300,000 vehicles this year.
- The South American above 16-tonne truck market is estimated to be in the range of 105,000-115,000 units this year.
- Capital investments are estimated to be in a range of $725-$775 million this year.
- Research and development expenses are projected to be in a range of $460-$480 million this year.
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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