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Dec 31, 2020
Paccar Q4 2020 Earnings Report
PACCAR reported good annual revenues and profits driven by strong truck deliveries and aftermarket sales
Key Takeaways
PACCAR reported Q4 2020 revenues of $5.57 billion and net income of $405.8 million ($1.17 per diluted share), compared to revenues of $6.12 billion and earnings of $531.3 million ($1.53 per diluted share) in Q4 2019. The results reflect PACCAR's premium-quality products and services, excellent operational efficiency and strong aftermarket parts sales.
PACCAR achieved quarterly revenues of $5.57 billion in the fourth quarter of 2020.
The company earned $405.8 million ($1.17 per diluted share) in the fourth quarter of 2020.
PACCAR Parts achieved record fourth quarter pre-tax income of $222.5 million, 8% higher than the $205.2 million earned in the fourth quarter of 2019.
PACCAR Financial Services (PFS) achieved fourth quarter 2020 pretax income of $63.8 million, compared to $68.1 million in the fourth quarter of 2019.
Revenue by Segment
Forward Guidance
PACCAR has increased its estimate of 2021 U.S. and Canada Class 8 truck industry retail sales to a range of 250,000-280,000 trucks. European truck industry registrations in the above 16-tonne market in 2021 will be in the range of 250,000-280,000 trucks. The South American above 16-tonne truck market is projected to be in a range of 100,000-110,000 trucks in 2021.
Positive Outlook
- Strong rebound in manufacturing.
- Increase in housing starts.
- Growth in automotive production.
- Rise in consumer spending.
- Good freight tonnage.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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