SKU: PCAR-1 Category:


PACCAR managed to surpass the revenue and earnings expectations of Wall Street, with net income surging by 60% year-over-year to a historic $1.23 billion, accompanied by a 23% increase in revenues. A significant contributor to this success was the expansion of gross margins in the Truck, Parts, and Other segments, rising to 19.5% during the third quarter. This stellar performance can be attributed to PACCAR’s prudent global investments in innovative DAF, Kenworth, and Peterbilt trucks and investments in cutting-edge technology and manufacturing processes. PACCAR Parts also played a pivotal role in the company’s success, with third-quarter revenues reaching $1.58 billion and Parts pretax profits increasing by 10% to $412 million. PACCAR Financial achieved an impressive pretax income of $134 million in the financial sector in the third quarter. Furthermore, demand for Kenworth and Peterbilt trucks remains strong, with the first quarter of 2024 filling up rapidly. The company’s proactive approach is further demonstrated by its recent announcement of participation in a battery cell joint venture within the United States. This joint venture will focus on manufacturing battery cells for medium and heavy-duty trucks, employing PACCAR’s proprietary battery cells to help customers meet their future operational and environmental objectives.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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