PACCAR Reports Solid Q1 2025 Financial Performance

Paccar ( (PCAR) ) has released its Q1 earnings. Here is a breakdown of the information Paccar presented to its investors.

PACCAR Inc is a global leader in the design, manufacture, and customer support of high-quality trucks under the Kenworth, Peterbilt, and DAF brands, also providing advanced powertrains, financial services, and truck parts distribution.

In the first quarter of 2025, PACCAR Inc reported solid financial performance with notable achievements in its parts division, despite facing challenges in the truck market and a significant charge related to civil litigation in Europe.

The company recorded quarterly revenues of $7.44 billion, a decrease from $8.74 billion in the same period last year. Net income was reported at $505.1 million, affected by a $264.5 million after-tax charge due to European civil litigation. Excluding this charge, adjusted net income stood at $769.6 million. PACCAR Parts achieved record revenues of $1.69 billion, and PACCAR Financial Services reported a 6% increase in pretax income.

PACCAR continues to invest heavily in technology and infrastructure, with $171.9 million allocated to capital projects and $115.4 million to research and development in the first quarter. The company is expanding its DAF truck factory in Brazil and investing in a new engine remanufacturing facility in Mississippi, reflecting its commitment to growth and innovation.

Looking ahead, PACCAR remains focused on leveraging its strong balance sheet and technological advancements to navigate market uncertainties and drive future growth, with continued investments in next-generation powertrains and advanced driver assistance systems.