Paccar Posts $847.5M Third-Quarter Net Income
PCAR is trading near its 52-week low of $93.86 (10% above the low).
Summary
Paccar reported third-quarter net income of $847.5 million, up from $752 million in the second quarter, a roughly 13% sequential increase that puts the truck maker back above the Q2 pace after a quarter in which credit provisions rose sharply. The quarter's revenue was $7.94 billion and earnings were $1.61 a share, with global truck deliveries of 40,100 units and cash generated from operations of $847.7 million. Q2 results, filed July 29, showed net income of $752 million ($1.43 a share), up 4% year over year on stronger truck margins and parts growth. The company said it is experiencing a good year of truck demand in 2026 and expects this to continue in 2027, and it sees 2026 U.S. and Canada Class 8 truck industry retail sales of 240,000-260,000 vehicles. For 2027, Paccar guided U.S. and Canada Class 8 truck sales at 240,000-280,000 units and European above-16-tonne registrations at 300,000-320,000.
Updated with a Reuters report · What changed
Updates
· Reuters — Paccar guided 2027 U.S./Canada Class 8 truck sales at 240,000-280,000 units and European above-16-tonne registrations at 300,000-320,000.
At the time of this announcement, PCAR was trading at $103.69 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $54.9B. The 52-week trading range was $93.86 to $139.24. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.