PACCAR Inc

PCAR
Sector

Industrials

Industry

Farm & Heavy Construction Machinery

Market Cap

$56.51B

Employees

32.4K

Company Overview

PACCAR Inc. is a global technology company that designs, manufactures, and distributes high-quality commercial trucks under the Kenworth, Peterbilt, and DAF nameplates. The company also distributes aftermarket parts and provides financial services to customers and dealers. PACCAR competes in the North American Class 8 market and the European light/medium market and has a global presence with manufacturing facilities in the United States, Europe, Australia, Brasil, Canada and Mexico.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Net sales and revenues were $8.24 billion in Q3 2024, compared to $8.70 billion in Q3 2023, primarily due to lower truck revenues, partially offset by higher parts and financial services revenues.

Net income was $972.1 million in Q3 2024, compared to $1.23 billion in Q3 2023, reflecting lower truck revenues and lower operating lease margins, partially offset by higher finance margins.

Truck gross margin was 13.0% in Q3 2024 compared to 16.8% in Q3 2023, due to lower truck unit deliveries and higher costs.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

1 Insight

Market Environment

3 Insights