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    Nick Housden

    Director and equity research analyst at RBC Capital Markets

    Nick Housden is a Director and equity research analyst at RBC Capital Markets, specializing in coverage of industrials and specialty industrial machinery companies, particularly across the UK, Germany, France, and the United States. He covers firms such as Otis Worldwide, FLSmidth & Co. A/S, and Epiroc, with a notable performance record including a 72% success rate and an average return of 12.4% per rating over the past year, and is ranked in the top 10% of Wall Street analysts on TipRanks. Housden began publishing analyst ratings at RBC Capital Markets in 2021 and has since built expertise in the European industrials sector, with previous experience not widely reported publicly. He holds the Chartered Financial Analyst (CFA) designation and is listed as a registered equity analyst for major companies in the sector.

    Nick Housden's questions to PACCAR (PCAR) leadership

    Nick Housden's questions to PACCAR (PCAR) leadership • Q2 2025

    Question

    Nick Housden from RBC Capital Markets requested a regional breakdown for the Q3 delivery guidance and asked for more detail on the supply chain composition behind the statement that 90% of U.S. trucks are built in the U.S.

    Answer

    CEO & Director R. Preston Feight suggested a 'plus or minus normal' regional split for Q3, noting the European summer shutdown and North American adjustments to match the market. Regarding the supply chain, he stated that while components come from various global regions, the critical final assembly occurs in PACCAR's North American factories, a key factor for policy considerations.

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    Nick Housden's questions to PACCAR (PCAR) leadership • Q2 2025

    Question

    Nick Housden asked for a regional breakdown of the Q3 delivery guidance of 32,000-33,000 trucks and for more detail on the supply chain for the 90% of U.S. trucks that are built domestically.

    Answer

    CEO & Director R. Preston Feight suggested thinking of the Q3 delivery split in terms of 'plus or minus normal splits,' noting the standard three-week shutdown in Europe and production drops in North America to match the market. On the supply chain, he stated it is varied with components from many regions, but emphasized the critical importance of PACCAR's U.S. production facilities, which he believes the administration will support.

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