PACCAR (PCAR) Misses Q3 EPS by 16c
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PACCAR Achieves Good Quarterly Revenues and Earnings
October 26, 2021 8:00 AM EDTRecord PACCAR Parts and PACCAR Financial Profits Drive Results
BELLEVUE, Wash.--(BUSINESS WIRE)-- PACCAR reported good revenues and net income for the third quarter of 2021, said Preston Feight, chief executive officer. PACCARs third quarter results reflect PACCAR Parts and PACCAR Financial Services record profits. Customer demand for the new Kenworth, Peterbilt and DAF trucks introduced this year is very strong. Kenworth, Peterbilt and DAF delivered 32,800 trucks in the third quarter even as the ongoing industry-wide undersupply of semiconductors reduced PACCARs truck deliveries by approximately 7,000 vehicles. PACCAR expects global truck production to improve as... More
