Paccar Stock News

Paccar (PCAR -2.42%) published its fourth-quarter and full-year 2024 results Tuesday morning, and investors didn't seem too impressed by its performance. As a result, the storied truck maker's stock fell by more than 2% in price on the day.

PACCAR Inc (NASDAQ:PCAR ) Q4 2024 Earnings Conference Call January 28, 2025 12:00 PM ET Company Participants Ken Hastings - Director of Investor Relations Preston Feight - Chief Executive Officer Harrie Schippers - President & Chief Financial Officer Brice Poplawski - Vice President & Controller Conference Call Participants Tami Zakaria - JPMorgan Kyle Menges - Citi Steven Volkman - Jefferies R...

BELLEVUE, Wash.--(BUSINESS WIRE)--“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 deliv...

Earnings season offers insights into the economy, with logistics and transport sectors being key indicators of overall economic activity. Paccar's upcoming Q4 earnings report will shed light on the trucking industry's current state, despite recent strains. Paccar remains strong, evidenced by a $3.00 special dividend paid last month, but deliveries are slowing down, leading to lower profits.

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BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR Inc's Board of Directors today declared an extra cash dividend of three dollars ($3.00) per share, payable on January 8, 2025, to stockholders of record at the close of business on December 20, 2024. Mark Pigott, executive chairman, shared, “PACCAR has generated excellent shareholder returns due to its industry-leading vehicles, strong growth in aftermar...