PACCAR (NASDAQ: PCAR) reported Q1 EPS of $0.99, $0.03 better than the analyst estimate of $0.96. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.12 billion.

“PACCAR (Nasdaq: PCAR) reported good revenues and operating income for the first quarter of 2016,” said Ron Armstrong, chief executive officer. “PACCAR benefitted from a favorable truck market in North America and record DAF market share of 16.6% year-to-date in Europe. PACCAR generated increased truck and parts segment margins, and good financial services results worldwide. I am very proud of our 23,000 employees who have delivered industry leading products and services to our customers.”

Ron Armstrong added, “PACCAR’s strong balance sheet and positive operating cash flow, which has averaged $2.1 billion per year in the last five years, have enabled the company to invest $3.3 billion in new facilities, products and services during the same period. New Kenworth, Peterbilt and DAF vehicles, an expanded PACCAR engine range and strong aftermarket sales are contributing to the company’s long-term growth.”

For earnings history and earnings-related data on PACCAR (PCAR) click here.