PACCAR (PCAR) Tops Q2 EPS by 15c
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PACCAR Achieves Record Quarterly Revenues and Profits
July 25, 2023 8:00 AM EDTIncreased Truck Deliveries and Strong Parts Performance Drive Results
BELLEVUE, Wash.--(BUSINESS WIRE)-- PACCAR achieved record revenues and net income in the second quarter of 2023 due to increased truck deliveries, excellent gross margins and strong PACCAR Parts results, said Preston Feight, chief executive officer. PACCAR Parts achieved robust quarterly sales and profits due to industry-leading logistics performance that enhanced customer uptime. PACCAR Financial Services delivered excellent profitability due to its high quality portfolio and good used truck results. PACCAR is pioneering new technologies such as predictive data analytics in its aftermarket and powertrain... More
