Paccar Inc. is a leading global manufacturer and designer of heavy-duty trucks, primarily focusing on commercial vehicles under well-known brands such as Peterbilt, Kenworth, and DAF. The company also provides comprehensive after-sales support, including parts and services for its trucks. Beyond its core business in truck production, Paccar has a presence in financial services, offering financing solutions for dealerships and customers to facilitate the acquisition of their vehicles. With a commitment to technology and sustainability, Paccar actively invests in innovations such as electric and autonomous vehicle development, enhancing its position in the evolving transportation landscape. Read More
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how heavy transportation equipment stocks fared in Q4, starting with Wabtec (NYSE:WAB).
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the heavy transportation equipment stocks, including Wabash (NYSE:WNC) and its peers.
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence.
With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players.
PACCAR utilizes its comprehensive Supplier Performance Management Program (SPM) to evaluate supplier achievements in the areas of product development, operations, aftermarket support, and alignment with PACCAR’s key business objectives.
Let's have a look at what is happening on the US markets before the opening bell on Thursday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
Trucking company PACCAR (NASDAQ:PCAR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 14.3% year on year to $7.36 billion. Its GAAP profit of $1.66 per share was 1.5% below analysts’ consensus estimates.
“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 delivered outstanding trucks and transportation solutions to our customers. In 2025, PACCAR is celebrating the 120th anniversary of the company’s founding in 1905 by William Pigott.”
