Paccar Half-Year Report 2024

“PACCAR achieved excellent revenues and net income in the second quarter of 2024,” said Preston Feight, chief executive officer. “PACCAR’s truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and strong aftersales performance that enhanced customer uptime. PACCAR Financial Services delivered good profitability due to its growing, high quality portfolio. I am very proud of our employees for delivering industry-leading trucks and transportation solutions to our customers.”

PACCAR earned net income of $1.12 billion ($2.13 per diluted share) in the second quarter, compared to $1.22 billion ($2.33 per diluted share) earned in the same period last year. Second quarter net sales and financial services revenues were $8.77 billion, compared to $8.88 billion achieved in the second quarter of 202

Highlights

• Consolidated net sales and revenues of $17.52 billion.
• Consolidated net income of $2.32 billion.
• Capital investments of $383.9 million and R&D expenses of $222.6 million.
• PACCAR Parts pretax income of $869.6 million.
• PACCAR Financial Services pretax income of $225.1 million.
• Cash generated from operations of $1.91 billion.
• Medium-term note issuances of $1.71 billion.