Paccar Stock Price, News & Analysis

PACCAR has announced a regular quarterly cash dividend of $0.33 per share, scheduled for payment on June 4, 2025. Shareholders must be on record by May 14, 2025, to receive this dividend.

As a global technology leader, PACCAR specializes in designing, manufacturing, and supporting high-quality trucks across different weight classes under three major brands: Kenworth, Peterbilt, and DAF. The company's operations extend beyond vehicle manufacturing to include:

• Advanced powertrain development
• Financial services
• Information technology solutions
• Truck parts distribution

The company's shares are publicly traded on the NASDAQ Stock Market under the symbol PCAR.

PACCAR reported Q1 2025 financial results with revenues of $7.44 billion, down from $8.74 billion in Q1 2024. Net income was $505.1 million ($0.96 per share), including a $264.5 million after-tax charge for European civil litigation. Excluding this charge, adjusted net income was $769.6 million ($1.46 per share).

Key highlights:

• PACCAR Parts achieved record revenue of $1.69 billion with pretax income of $426.5 million
• Financial Services earned pretax income of $121.1 million
• Cash from operations reached $910.3 million
• R&D expenses were $115.4 million

The company projects U.S. and Canada Class 8 truck sales of 235,000-265,000 units in 2025. European truck market registrations are estimated at 270,000-300,000 units. PACCAR is expanding operations with a new engine remanufacturing facility in Mississippi and increasing investment in next-generation powertrains and technologies.

PACCAR has announced its annual recognition of top-performing suppliers through its Supplier Performance Management (SPM) Program. The program evaluates suppliers across key areas including product development, operations, aftermarket support, and alignment with PACCAR's business objectives.

Suppliers achieving SPM Master, Leader, and Achiever status are honored for their exceptional performance. The SPM Program fosters collaboration and continuous improvement between PACCAR and its suppliers, leading to enhanced performance and product innovations. Vice President of Global Purchasing Brennan Gourdie and Executive Vice President Darrin Siver emphasized the importance of these supplier relationships and their contributions to PACCAR's success.

PACCAR reported its financial results for 2024, achieving revenues of $33.66 billion and net income of $4.16 billion ($7.90 per diluted share), marking its 86th consecutive year of net income. Fourth quarter revenues were $7.91 billion with net income of $872.0 million ($1.66 per diluted share).

The company delivered 185,300 vehicles worldwide and achieved a 30.7% market share in U.S. and Canada Class 8 retail sales. PACCAR Parts achieved record annual revenues of $6.67 billion and pretax income of $1.71 billion. The company increased its regular quarterly dividend by 10% to 33 cents per share.

Key investments include the launch of Amplify Cell Technologies battery manufacturing joint venture and a new Parts Distribution Center in Massbach, Germany. PACCAR invested $796 million in capital projects and $453 million in research and development during 2024.

PACCAR has declared an extra cash dividend of $3.00 per share, payable on January 8, 2025, to stockholders of record as of December 20, 2024. The company attributes this dividend to its strong performance in vehicle manufacturing, aftermarket parts, and financial services. PACCAR continues to invest in premium quality trucks under the DAF, Kenworth, and Peterbilt brands, as well as advanced powertrains and manufacturing facilities. The company maintains its position as a global technology leader in truck design, manufacture, and customer support.

PACCAR has announced a 10% increase in its regular quarterly cash dividend from $0.30 to $0.33 per share, payable on March 5, 2025, to stockholders of record as of February 12, 2025. The company has maintained a strong track record of delivering annual dividends, including regular quarterly and extra cash dividends, representing approximately 50% of net income. PACCAR's success is attributed to its leadership in premium quality vehicles, aftermarket services, and global operations through its Kenworth, Peterbilt, and DAF brands. The company's shareholder returns have consistently outperformed the S&P 500 index over the past 20 years.

Deere & Company (NYSE: DE) has appointed PACCAR CEO R. Preston Feight to its board of directors, expanding the board to 12 members. Feight, who has been PACCAR's CEO since July 2019, brings 26 years of experience from the global truck manufacturing company. His expertise spans engineering, manufacturing, aftermarket, and financial services, with a strong focus on advanced technologies including diesel, electric, and hydrogen fuel cell powertrains. Under his leadership, PACCAR has advanced in driver assistance systems and truck connectivity. Prior to becoming CEO, Feight held various leadership positions at PACCAR and previously worked at AlliedSignal and Ford.

PACCAR reported strong financial results for Q3 2024, with net income of $972.1 million ($1.85 per diluted share) on revenues of $8.24 billion. Key highlights include:

- Global truck deliveries of 44,900 units
- PACCAR Parts revenues of $1.66 billion with pretax income of $406.7 million
- PACCAR Financial Services pretax income of $106.5 million
- Cash generated from operations of $1.29 billion

The company's strong performance was attributed to industry-leading trucks and robust aftersales performance. PACCAR also showcased new truck models at the IAA Transportation show and launched new vehicle configurations for the car carrier market. The company continues to invest in research and development, with estimated expenses of $450-$470 million for 2024 and $480-$530 million for 2025.

PACCAR Inc (NASDAQ: PCAR), a global leader in truck manufacturing, has declared a regular quarterly cash dividend of $0.30 per share. The dividend is payable on December 4, 2024, to stockholders of record as of November 13, 2024. PACCAR is renowned for its high-quality light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF brands. The company also specializes in advanced powertrains, financial services, information technology, and truck parts distribution. This dividend announcement demonstrates PACCAR's commitment to delivering value to its shareholders and reflects the company's financial stability in the competitive automotive industry.