Truck manufacturer PACCAR reported higher second-quarter profit on essentially flat revenue on Tuesday, noting build rates climbed during the period as orders strengthened and freight rates improved.
PACCAR (NASDAQ: PCAR) reported second-quarter earnings of $1.43 per diluted share, 6 cents higher from a year earlier. Net income of $752 million was up 4 percent from a year earlier and 24 percent better than the first quarter.
Revenue of $7.55 billion was essentially flat year over year, up less than 1 percent from $7.51 billion.
The profit came on lower volume. It's a split that captures where Class 8 truck demand sits. PACCAR delivered 38,700 trucks globally in the quarter, down about 2 percent year over year. U.S. and Canada deliveries fell to 22,000 from 23,000 units. Record parts revenue and a nearly 17 percent year-over-year increase in truck segment pretax profit carried the result.
"PACCAR achieved very good revenues and increased net income by 24% in the second quarter of 2026 compared to the preceding quarter," said Preston Feight, PACCAR chief executive officer, in a news release. "Build rates increased during the quarter due to strong orders as customers benefited from PACCAR's industry-leading trucks and improved freight rates."
#paccar #second #profit
PACCAR (NASDAQ: PCAR) reported second-quarter earnings of $1.43 per diluted share, 6 cents higher from a year earlier. Net income of $752 million was up 4 percent from a year earlier and 24 percent better than the first quarter.
Revenue of $7.55 billion was essentially flat year over year, up less than 1 percent from $7.51 billion.
The profit came on lower volume. It's a split that captures where Class 8 truck demand sits. PACCAR delivered 38,700 trucks globally in the quarter, down about 2 percent year over year. U.S. and Canada deliveries fell to 22,000 from 23,000 units. Record parts revenue and a nearly 17 percent year-over-year increase in truck segment pretax profit carried the result.
"PACCAR achieved very good revenues and increased net income by 24% in the second quarter of 2026 compared to the preceding quarter," said Preston Feight, PACCAR chief executive officer, in a news release. "Build rates increased during the quarter due to strong orders as customers benefited from PACCAR's industry-leading trucks and improved freight rates."
#paccar #second #profit
3 months ago
