PCAR
PACCAR Inc112.16
-0.80-0.71%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
58.91BP/E (TTM)
21.99Basic EPS (TTM)
5.10Dividend Yield
0.01%Recent Filings
8-K
10-Q
Q3 FY2025 results
PACCAR's Q3 revenue fell 19% y/y to $6.7B, driven by a 29% drop in truck deliveries to 31,900 units amid softer U.S. and Canadian demand, though parts sales rose 4% y/y to $1.7B on stronger North American volumes. Gross margins contracted sharply to 5.8% from 13.0% y/y in trucks, hit by higher tariff costs and lower price realization, while financial services income climbed 18% y/y to $126M on portfolio growth and yields. Net income slid to $590M ($1.12 diluted EPS) from $972M ($1.85), with YTD EPS at $3.45 versus $6.25 y/y; operating cash flow held steady at $3.3B YTD, supporting $6.3B cash and $16.9B total debt. The $350M EC litigation charge in Q1 weighed on YTD results, but steady liquidity cushions tariff risks. Competition in truck pricing remains a key headwind.
8-K
PACCAR Q3 profits dip
PACCAR reported Q3 2025 net income of $590.0 million on $6.67 billion in revenues, down from $972.1 million and $8.24 billion last year, amid softer truck deliveries of 31,900 units versus 44,900. Yet Parts hit record $1.72 billion revenues with $410.0 million pretax profit, while Financial Services pretax income rose to $126.2 million. Strong aftermarket and financing cushioned the truck segment dip. Upcoming Section 232 tariffs may clarify U.S. market dynamics.
8-K
PACCAR executive retires
PACCAR's Executive Vice President Darrin C. Siver announced his retirement after 32 years, effective January 5, 2026. John N. Rich steps up to oversee Peterbilt Motors alongside global tech initiatives. Laura J. Bloch takes on Corporate Quality and Purchasing while leading Kenworth and parts. Leadership shifts ensure continuity in key operations.
10-Q
Q2 FY2025 results
PACCAR's Q2 FY2025 results showed revenue dipping 14% year-over-year to $7.51 billion, driven by a 19% drop in truck deliveries to 39,300 units amid softer demand in all major markets, yet parts sales edged up 3% to $1.72 billion on stronger U.S. and Canada volumes. Gross margins in trucks contracted to 8.7% from 15.0%, reflecting lower prices and higher tariff costs, while operating income fell 42% to $724.8 million; diluted EPS slid to $1.37 from $2.13, consistent with 526.7 million shares. Financial Services steadied with 7% revenue growth to $547.7 million from portfolio expansion, though provisions for credit losses rose to $29.2 million on normalizing used truck values. Cash and equivalents stood at $5.55 billion after $1.74 billion in operating cash flow, supporting $1.92 billion in dividends; a $350 million EC litigation charge in Q1 weighed on six-month net income. Truck demand faces tariff uncertainty.
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