PACCAR Q3 Report 2023

Financial Highlights – Third Quarter 2023
Highlights of PACCAR’s financial results for the third quarter of 2023 include:

• Net sales and revenues of $8.70 billion.
• Record net income of $1.23 billion.
• Truck, Parts and Other gross margins of 19.5%.
• Global truck deliveries of 50,100 units.
• PACCAR Parts revenues of $1.58 billion.
• PACCAR Parts pretax income of $412.3 million

PACCAR reported net income of $3.18 billion ($6.07 per diluted share) for the first nine months of 2023, including a $446.4 million after-tax, non-recurring charge related to civil litigation in Europe, compared to $2.09 billion ($3.99 per diluted share) earned in same period last year. Excluding the non-recurring charge, the company earned adjusted net income (non-GAAP)1 of $3.63 billion ($6.92 per diluted share) in the first nine months of 2023. Net sales and financial services revenues for the first nine months of 2023 were $26.05 billion, compared to $20.69 billion achieved last year.