Loading...
•
Dec 31, 2024
Paccar Q4 2024 Earnings Report
PACCAR reported strong annual revenues and net income, driven by enhanced profitability of trucks, record PACCAR Parts revenue and profit, and good financial services performance.
Key Takeaways
PACCAR achieved quarterly revenues of $7.91 billion and net income of $872.0 million ($1.66 per diluted share) in Q4 2024. Full year revenues reached $33.66 billion and net income was $4.16 billion ($7.90 per diluted share).
PACCAR reported quarterly revenues of $7.91 billion in the fourth quarter of 2024.
The company earned $872.0 million ($1.66 per diluted share) in the fourth quarter of 2024.
PACCAR Parts revenue reached $1.67 billion in Q4 2024.
PACCAR Financial Services pretax income was $104.0 million in Q4 2024.
Paccar
Paccar
Paccar Revenue by Segment
Revenue by Segment
Truck Revenue
CapyFin.comParts Revenue
CapyFin.com Forward Guidance
U.S. and Canada Class 8 truck industry retail sales are estimated to be in a range of 250,000-280,000 trucks in 2025 and European above 16-tonne truck industry registrations are estimated to be in the range of 270,000-300,000 trucks in 2025.
Positive Outlook
- Infrastructure spending is driving steady demand for Kenworth and Peterbilt’s industry-leading vocational trucks.
- The less-than-truckload segment is also performing well.
- Kenworth, Peterbilt and DAF trucks deliver premium quality, industry-leading fuel efficiency and low operating costs to our customers.
- PACCAR is investing in the next generation of diesel and alternative powertrains, and aftermarket transportation solutions, that enable customers to achieve their operational and environmental goals.
- Customers appreciate the industry-leading fuel efficiency and driver comfort of DAF trucks.
Challenges Ahead
- Actual results may differ materially from those included in these statements due to a variety of factors.
- PACCAR estimates that it will invest $700-$800 million in capital projects in 2025.
- PACCAR estimates that it will invest $460-$500 million in research and development expenses in 2025.
- The company expects to invest a total project amount of $600-$900 million in its battery joint venture, Amplify Cell Technologies.
- European above 16-tonne truck industry registrations were 316,000 trucks in 2024 and are estimated to be in the range of 270,000-300,000 trucks in 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income