PACCAR Inc is a global leader in the design, manufacture, and distribution of commercial trucks, aftermarket parts, and financial services. The company operates under the Kenworth, Peterbilt, and DAF nameplates, offering a range of light-, medium-, and heavy-duty trucks . In addition to trucks, PACCAR provides aftermarket parts for commercial vehicles and offers finance and leasing products related to its core offerings . The company also engages in the manufacturing and marketing of industrial winches, although this is a minor part of its business .
- Truck - Designs, manufactures, and distributes high-quality light-, medium-, and heavy-duty commercial trucks under the Kenworth, Peterbilt, and DAF nameplates.
- Parts - Distributes aftermarket parts for trucks and related commercial vehicles, enhancing vehicle performance and longevity.
- Financial Services - Provides finance and leasing products and services related to PACCAR products, supporting customers with tailored financial solutions.
- Other - Manufactures and markets industrial winches, contributing a minor portion to the company's overall sales and revenues.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
R. Preston Feight ExecutiveBoard | Chief Executive Officer | None | CEO since 2019, with 26 years at PACCAR. Previously EVP, President of DAF Trucks, and GM of Kenworth. | View Report → |
A. Lily Ley Executive | Vice President and CIO | None | VP and CIO since 2017. Oversees PACCAR's IT strategy. | |
Brice J. Poplawski Executive | Vice President and Controller | None | VP and Controller since 2023. Over 25 years at PACCAR in financial leadership roles. | |
C. Michael Dozier Executive | Executive Vice President | None | EVP since 2023. Over 34 years at PACCAR, previously SVP and GM of Kenworth. Key contributor to truck innovations. | |
Darrin C. Siver Executive | Executive Vice President | None | EVP since 2023. Played a key role in PACCAR's success in global truck markets, including South America. | |
Harald P. Seidel Executive | Vice President and President of DAF Trucks | None | VP and President of DAF Trucks since 2022. Led DAF to record market share and award-winning truck launches. | |
Harrie C.A.M. Schippers Executive | President and Chief Financial Officer | None | President and CFO since 2018. Extensive experience in global finance and operations. | |
Harry M.B. Wolters Executive | Vice President and GM Global Powertrain & Electrification | None | VP since 2022. Former President of DAF Trucks, led innovative truck launches. | |
James W. Walenczak Executive | Vice President and GM of Kenworth | None | VP and GM of Kenworth since 2024. Former Assistant GM of Sales and Marketing at Kenworth. | |
Jason P. Skoog Executive | Vice President and GM of Peterbilt | None | VP and GM of Peterbilt since 2018. Focused on operational excellence and market growth. | |
John N. Rich Executive | Senior Vice President and CTO | None | SVP and CTO since 2024. Former VP and CTO, with prior leadership roles at Ford Motor Company. | |
Kevin D. Baney Executive | Senior Vice President | None | SVP since 2024. Former VP and GM of Kenworth, with a focus on innovation and market growth. | |
Laura J. Bloch Executive | Vice President and GM of PACCAR Parts | None | VP and GM of PACCAR Parts since 2022. Contributed to record profitability growth in the division. | |
Michael K. Walton Executive | Vice President and General Counsel | None | VP and General Counsel since 2020. Oversees PACCAR's legal and compliance functions. | |
Paulo H. Bolgar Executive | Vice President and Chief HR Officer | None | VP and CHRO since 2022. Former HR leader at Baxter International. | |
Todd R. Hubbard Executive | Vice President of Global Financial Services | None | Retiring February 2025. VP since 2019, with significant growth in PACCAR Financial Services. | |
Barbara B. Hulit Board | Director | Director at Envista Holdings and Novanta Corporation | Director since 2023. Former CEO of Fortive's Advanced Healthcare Solutions segment. | |
Brice C. Hill Board | Director | CFO of Applied Materials | Director since 2024. Former CFO of Xilinx and senior executive at Intel. | |
Cynthia A. Niekamp Board | Director | Director at Ball Corporation | Director since 2023. Former SVP at PPG Industries and executive at BorgWarner. | |
Dame Alison J. Carnwath Board | Director | Senior Adviser to Evercore Partners; Director at Coller Capital, EG Group, ASDA Group, BASF, and Zurich Insurance Group | Director since 2005. Extensive experience in international finance and corporate governance. | |
Franklin L. Feder Board | Director | Director at Minerals Technologies, Companhia Brasileira de Alumínio, AES Tietê Energia, and Prumo Logística | Director since 2018. Former CEO of Alcoa Latin America. | |
Ganesh Ramaswamy Board | Director | EVP of Industrial & Energy Technology at Baker Hughes | Director since 2021. Former executive at Johnson Controls and Danaher. | |
Gregory M. E. Spierkel Board | Director | Director at Schneider Electric | Director since 2008. Former CEO of Ingram Micro. | |
Kirk S. Hachigian Board | Director | Chairman of Allegion PLC; Director at NextEra Energy and L3Harris Technologies | Director since 2008. Former CEO of JELD-WEN and Cooper Industries. | |
Luiz A. S. Pretti Board | Director | Chairman of Votorantim Cimentos | Director since 2024. Former CEO of Cargill Brasil. | |
Mark A. Schulz Board | Lead Director | President of M.A. Schulz & Associates; Founding Partner at Fontinalis Partners; Director at NWTN Inc. | Director since 2012. Former President of International Operations at Ford. | |
Mark C. Pigott Board | Executive Chairman of the Board | None | Former CEO and Chairman (1997-2014), currently Executive Chairman since 2014. Extensive knowledge of the global commercial vehicle industry. | |
Pierre R. Breber Board | Director | None | Director since 2024. Former CFO of Chevron. | |
Roderick C. McGeary Board | Director | Director at Raymond James Financial | Director since 2012. Former Chairman of BearingPoint and senior executive at KPMG. |
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Your outlook for Europe next year suggests a potential decline in retail sales, and this year your deliveries have been down more than expected; do you plan to deliver to demand or continue to underproduce in Europe next year, and how should we think about your production strategy?
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With the normalization of the used truck market in North America and continued softness in Europe, how is the spread between new and used truck prices evolving, and does this present challenges or opportunities for you in 2025?
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Considering your significant investments in manufacturing capacity, how much additional capacity can you bring on to serve the U.S. market, and will this increased capacity be available in 2025 or more towards 2026?
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As we approach the 2027 emissions standards and potential pre-buy activities, is there any reason PACCAR cannot deliver above-average incremental margins like you did prior to the recent downturn, especially with your new product introductions?
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Regarding the bottlenecks at body builders affecting vocational truck deliveries, is the current level of trucks awaiting body builders hindering your ability to grow the vocational business in 2025, and what steps are you taking to alleviate this bottleneck?
Research analysts who have asked questions during PACCAR earnings calls.
Jamie Cook
Truist Securities
7 questions for PCAR
Kyle Menges
Citigroup
7 questions for PCAR
Michael Feniger
Bank of America
7 questions for PCAR
Tami Zakaria
JPMorgan Chase & Co.
7 questions for PCAR
David Raso
Evercore ISI
5 questions for PCAR
Jeffrey Kauffman
Vertical Research Partners
5 questions for PCAR
Jerry Revich
Goldman Sachs Group Inc.
5 questions for PCAR
Scott Group
Wolfe Research
5 questions for PCAR
Stephen Volkmann
Jefferies
5 questions for PCAR
Steven Fisher
UBS
5 questions for PCAR
Angel Castillo
Morgan Stanley
4 questions for PCAR
Chad Dillard
AllianceBernstein
4 questions for PCAR
Angel Castillo Malpica
Morgan Stanley
3 questions for PCAR
Robert Wertheimer
Melius Research
3 questions for PCAR
Timothy Thein
Raymond James
3 questions for PCAR
Avi Jaroslawicz
UBS Group
2 questions for PCAR
Charles Albert Dillard
Bernstein
2 questions for PCAR
Jeff Kauffman
Vertical Research Partners
2 questions for PCAR
Nick Housden
RBC Capital Markets
2 questions for PCAR
Rob Wertheimer
Melius Research LLC
2 questions for PCAR
Tim Thein
Raymond James Financial
2 questions for PCAR
Walter Piecyk
LightShed Partners
2 questions for PCAR
Max Liss
Kepler Cheuvreux
1 question for PCAR
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company purchases engines from this competitor for its trucks, highlighting its significant role as a supplier. The company has a long-term agreement with this competitor to ensure continuity of supply. A loss of supply from this competitor could materially affect the company's production. | |
The company purchases a significant portion of its transmissions from this competitor under a long-term agreement to ensure supply continuity. A disruption in supply from this competitor could materially impact the company's truck production. | |
ZF Friedrichshafen AG | The company relies on this competitor for a significant portion of its transmissions, with a long-term agreement in place to secure supply. A loss of supply from this competitor could materially affect the company's operations. |
The company sources a significant portion of North America stampings used for cabs from this competitor under a long-term agreement. A disruption in supply from this competitor could materially impact the company's truck production. | |
Renault V.I. | The company's DAF subsidiary purchases fully assembled cabs from this competitor for its European light- and medium-duty product line under a joint product development and long-term supply contract. Sales of trucks manufactured with these cabs accounted for approximately 3% of consolidated revenues in 2023. |
Daimler Truck Holdings AG | This competitor is part of the company's revised peer group for stockholder return performance comparison. It is identified as a direct competitor and publicly traded company. |
Iveco Group N.V. | This competitor is included in the company's revised peer group for stockholder return performance comparison, reflecting its role as a direct competitor. |
This competitor is part of the company's revised peer group for stockholder return performance comparison, representing a more aligned peer. | |
This competitor is included in the company's peer group for stockholder return performance comparison, reflecting its relevance in the industry. | |
This competitor is part of the company's peer group for stockholder return performance comparison, highlighting its significance in the industry. | |
This competitor is included in the company's peer group for stockholder return performance comparison, indicating its relevance in the industry. | |
This competitor is part of the company's peer group for stockholder return performance comparison, reflecting its role in the industry. | |
TRATON SE | This competitor is included in the company's peer group for stockholder return performance comparison, representing a significant player in the industry. |
AB Volvo | This competitor is part of the company's peer group for stockholder return performance comparison, highlighting its importance in the industry. |
Recent press releases and 8-K filings for PCAR.
- 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.
- 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
- 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.
- 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.
- 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.