Earnings ·
PACCAR Reports Q3 Net Income of $847.5 Million, Up 44% on $7.94 Billion Revenue
PCARPaccar Inc
PACCAR Inc reported third-quarter net income of $847.5 million, or $1.61 per diluted share, a 44% increase from the prior-year period's $590.0 million. Consolidated revenues rose 19% to $7.94 billion, driven by higher truck segment margins and strong performance across its business units. PACCAR Parts achieved record quarterly revenues of $1.78 billion, while PACCAR Financial Services generated pretax income of $138.1 million. Global truck deliveries totaled 40,100 units during the quarter. The company operates in the design, manufacture, and distribution of light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF brands.