Paccar Inc. is a leading global manufacturer and designer of heavy-duty trucks, primarily focusing on commercial vehicles under well-known brands such as Peterbilt, Kenworth, and DAF
The company also provides comprehensive after-sales support, including parts and services for its trucks. Beyond its core business in truck production, Paccar has a presence in financial services, offering financing solutions for dealerships and customers to facilitate the acquisition of their vehicles. With a commitment to technology and sustainability, Paccar actively invests in innovations such as electric and autonomous vehicle development, enhancing its position in the evolving transportation landscape.
PACCAR utilizes its comprehensive Supplier Performance Management Program (SPM) to evaluate supplier achievements in the areas of product development, operations, aftermarket support, and alignment with PACCAR’s key business objectives.
Let's have a look at what is happening on the US markets before the opening bell on Thursday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
Trucking company PACCAR (NASDAQPCAR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 14.3% year on year to $7.36 billion. Its GAAP profit of $1.66 per share was 1.5% below analysts’ consensus estimates.
“PACCAR reported strong annual revenues and net income in 2024,” said Preston Feight, chief executive officer. “PACCAR’s results reflect the enhanced profitability of the latest generation of DAF, Peterbilt and Kenworth trucks, record PACCAR Parts revenue and profit, and good financial services performance. I am very proud of our employees and dealers who delivered outstanding trucks and transportation solutions to our customers. In 2025, PACCAR is celebrating the 120th anniversary of the company’s founding in 1905 by William Pigott.”
Katy Huberty, the Global Head of Research at Morgan Stanley, has spotlighted 20 stocks from companies that are likely to see significant benefits from the adoption of Artificial Intelligence (AI).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Wabash (NYSEWNC) and the rest of the heavy transportation equipment stocks fared in Q3.
