Paccar Q1 Report 2024

“PACCAR reported excellent revenues and net income in the first quarter of 2024,” said Preston Feight, chief executive officer. “PACCAR’s results reflect ongoing demand for premium quality DAF, Peterbilt and Kenworth trucks, aftermarket parts, and financial services. I am very proud of our employees and dealers who have delivered outstanding trucks and transportation solutions to our customers.”

Highlights

• Consolidated revenues of $8.74 billion.
• Net income of $1.20 billion.
• Record PACCAR Parts revenue of $1.68 billion.
• Record PACCAR Parts pretax income of $455.8 million.
• PACCAR Financial Services pretax income of $113.9 million.
• Cash provided by operations of $1.47 billion.
• Capital investment of $164.3 million and R&D expense of $105.5 million.
• Stockholders’ equity of $16.87 billion.