PACCAR (PCAR) Company Report

PACCAR posted Q3 revenue of $6.7 billion and net income of $590 million, with PACCAR Parts record revenues of $1.72 billion (up 4%) and pre-tax income of $410 million, and PACCAR Financial Services pre-tax income of $126 million.
Third-quarter gross margins were 12.5%, pressured by steel and aluminum tariffs; Q4 margins are expected around 12% as tariffs peak in October, with new Section 232 duties effective November 1 set to reduce costs and improve competitive position.
PACCAR forecasts the 2025 U.S./Canada Class 8 market at 238,000–245,000 trucks and 2026 at 230,000–270,000; Europe above-16 ton at 275,000–295,000 (2025) and 270,000–300,000 (2026); South America above-16 ton at 95,000–105,000 (2025 & 2026).
Capital spending for 2025 is guided to $750–775 million (capex) and $450–465 million (R&D), with 2026 investments of $725–775 million and $450–500 million, supporting next-generation powertrains, ADAS, connected services, and expanded production capacity.

Oct 21, 2025, 4:00 PM

PACCAR reports Q3 2025 results

PCAR

Earnings

Guidance Update

PACCAR reported Q3 revenues of $6.7 billion and net income of $590 million; PACCAR Parts delivered record quarterly revenues of $1.72 billion with $410 million pretax income, and PACCAR Financial Services posted $126 million pretax income
2025 U.S. & Canadian Class 8 market expected at 230,000–245,000 units (2026: 230,000–270,000); European above-16 ton market at 275,000–295,000 units (2026: 270,000–300,000); South America at 95,000–105,000 units for both years
Q3 gross margin of 12.5% impacted by steel and aluminum tariffs; Q4 margins guided to around 12% with Section 232 tariff relief effective Nov 1 improving costs and competitive position
2025 capital expenditures forecast at $750–775 million and R&D at $450–465 million; 2026 capex of $725–775 million and R&D of $450–500 million to support new products and factory expansions

Oct 21, 2025, 4:00 PM

PACCAR reports Q3 2025 results

PCAR

Earnings

Guidance Update

PACCAR delivered $6.67 billion in consolidated net sales and revenues and net income of $590.0 million (US$1.12 per diluted share) in Q3 2025, down from $8.24 billion and $972.1 million in Q3 2024.
For the first nine months of 2025, PACCAR earned net income of $1.82 billion (US$3.45 per diluted share), including a $264.5 million after-tax litigation charge, and achieved adjusted net income of $2.08 billion (US$3.95 per diluted share); net sales and revenues were $21.62 billion.
PACCAR Parts set a quarterly record with $1.72 billion in revenues and $410.0 million pretax profit in Q3 2025, and generated $5.14 billion in nine-month revenues with $1.25 billion pretax income.
The company forecasts 2025 U.S. and Canada Class 8 truck retail sales of 230,000–245,000 units and expects volumes to increase to 230,000–270,000 vehicles in 2026.

Oct 21, 2025, 12:05 PM

PACCAR Reports Strong Q1 2025 Financial Results & Strategic Updates

PCAR

Earnings

Management Change

Guidance Update

Legal Proceedings

New Projects/Investments

Q1 2025 Performance: PACCAR reported consolidated revenues of $7.44 billion with GAAP net income of $505.1 million (after a $264.5 million after-tax litigation charge) and adjusted net income of $769.6 million.
Record Parts Division: Achieved record Parts revenue of approximately $1.7 billion and parts pretax income of about $427 million, reflecting strong operational performance.
Strategic Investments: Invested $171.9 million in capital projects and incurred $115.4 million in R&D expenses, underlining a commitment to next-generation products.
Q2 Guidance: Expecting gross margins in the 13%-14% range amid ongoing tariff uncertainties and focused cost management.
Leadership Changes: Announced the retirement of Harrie Schippers after a 39-year career, with Kevin Baney taking charge of PACCAR Financial Services and Brice promoted to CFO.

Apr 29, 2025, 3:01 PM

PACCAR Inc Announces Leadership Changes and Retirement

PCAR

CFO Change

Management Change

Harrie C. A. M. Schippers, the President and CFO, will retire effective June 2, 2025 after 39 years of service.
Brice J. Poplawski is promoted to Senior Vice President and CFO effective June 2, 2025, and Kevin D. Baney assumes additional responsibilities for PACCAR Financial Services and Investor Relations.

Apr 2, 2025, 12:00 AM

Earnings Transcripts

Quarterly earnings call transcripts for PACCAR.