Form 8-K · Current Report · Filed 2024-10-22
PACCAR Q3 2024: Net Income Declines, Truck & Parts Perform Well
PACCAR Inc. reported a decline in net income for the third quarter of 2024 compared to the same period last year. The company's truck and parts operations achieved robust sales and profits. However, the financial services segment saw a decrease in pretax income due to market conditions. The company is also providing guidance for the remaining quarters of the year. PACCAR will hold a conference call with analysts to discuss these results.
- Filer
- Paccar Inc. PCAR · NASDAQ
- Filed
- Accession
- 0000950170-24-116102
- CIK
- 0000075362
- Signal
- Medium impactIndustrials
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$109.61
Next session
-5.3%
Since filing
+21.0%
Latest close
$132.68
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from PCAR reporting the same item, with the next session's move:
Exhibits (1)
About Paccar Inc.
Paccar Inc. is a leading global manufacturer specializing in the design and production of high-quality commercial vehicles. Its primary function is to produce durable trucks under renowned brands such as Kenworth, Peterbilt, and DAF, serving an extensive range of industries including freight, construction, and heavy-duty transportation sectors. Paccar also manufactures an array of diesel engines and provides financial services like leasing, lending, and insurance to support their customers’ business needs. The company plays a crucial role in the commercial vehicle market, known for its commitment to innovation and technological advancement in truck design, fuel efficiency, and safety features. With its headquarters in Bellevue, Washington, Paccar stands as a significant contributor to global logistics and infrastructure, enabling efficient goods movement and supply chain operations worldwide. Moreover, Paccar is involved in aftermarket support and distribution, ensuring comprehensive customer service and parts availability across its network, thus cementing its position as a pivotal player in the commercial transport sector.
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