Loading...
•
Sep 30, 2024
Paccar Q3 2024 Earnings Report
PACCAR achieved excellent revenues and net income due to robust quarterly sales and profits in truck and Parts operations, and good results in Financial Services.
Key Takeaways
PACCAR reported net income of $972.1 million, or $1.85 per diluted share, for the third quarter of 2024, compared to $1.23 billion, or $2.34 per diluted share, in the same period last year. Third quarter revenues were $8.24 billion, down from $8.70 billion in the third quarter of 2023.
Net sales and revenues reached $8.24 billion.
Net income was $972.1 million.
Global truck deliveries totaled 44,900 units.
Cash generated from operations amounted to $1.29 billion.
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
U.S. and Canada Class 8 truck industry retail sales in 2024 are estimated to be in a range of 250,000-270,000 vehicles. Class 8 truck industry retail sales for 2025 are expected to be in a range of 250,000-280,000 vehicles. European truck industry registrations in the above 16-tonne segment are estimated to be in the range of 290,000-310,000 units this year. The market in 2025 is expected to be in a range of 270,000-300,000 trucks. The South American above 16-tonne truck market is projected to be in a range of 110,000-120,000 units this year, and in a similar range in 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income