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Paccar (PCAR)
NASDAQ:PCAR
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.63Last Year’s EPS
2.27Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -4.66%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
PACCAR reported a strong financial performance with significant revenue and profit achievements, including record results in the Parts division. Market share growth and strategic investments indicate a positive outlook. However, challenges such as reduced truck deliveries, foreign exchange impacts, and geopolitical issues in Europe were noted.Company Guidance
During PACCAR's Fourth Quarter 2024 Earnings Call, the company provided guidance on various key metrics for 2025. PACCAR achieved a strong financial performance in 2024, with annual revenues of $33.7 billion and net income of $4.2 billion, reflecting an after-tax return on revenues of 12.4%. The fourth quarter revenues were $7.9 billion, with a net income of $872 million. PACCAR Parts reported impressive fourth-quarter revenues of $1.6 billion and pre-tax profits of $428 million. The company declared dividends of $4.17 per share, a 53% payout of net income. For 2025, the U.S. and Canadian Class 8 truck market is expected to range between 250,000 and 280,000 vehicles, while European 16-tonne truck registrations are projected to be between 270,000 and 300,000. PACCAR anticipates delivering around 40,000 trucks in the first quarter of 2025, with worldwide Truck and Parts gross margins expected to be in the range of 15.5% to 16%. Capital investments for 2025 are planned between $700 million and $800 million, with R&D expenses projected to be $460 million to $500 million.Strong Annual Financial Performance
PACCAR achieved annual revenues of $33.7 billion, a net income of $4.2 billion, and an after-tax return on revenues of 12.4%, marking the second highest profit in the company's history.
Record Performance in Parts Division
PACCAR Parts set new records for revenues and profits, with annual revenues increasing by 4% to $6.7 billion and pre-tax profit rising to $1.71 billion. Parts gross margins were 30.9%.
Market Share Growth
Kenworth and Peterbilt's share in the US and Canadian Class 8 truck market increased to 30.7% from 29.5% in the prior year. In the medium-duty market, their share grew from 14.5% to 18%.
Strategic Investments and Innovations
PACCAR invested $796 million in capital projects and $453 million in research and development in 2024, including advancements in clean diesel and alternative fuel engines, battery electric powertrains, and driver assistance systems.
Positive Forecast for 2025
The US economy is projected to expand by more than 2% in 2025, with expectations of a strengthening market as the year progresses.
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PCAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PCAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $109.57 | $106.92 | -2.42% |
| Oct 22, 2024 | $105.95 | $101.29 | -4.40% |
| Jul 23, 2024 | $105.08 | $93.55 | -10.97% |
| Apr 30, 2024 | $109.18 | $101.95 | -6.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Paccar (PCAR) report earnings?
Paccar (PCAR) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Paccar (PCAR) earnings time?
Paccar (PCAR) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCAR EPS forecast?
PCAR EPS forecast for the fiscal quarter 2025 (Q1) is 1.63.
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