Press release
PACCAR Achieves Good Financial Performance and Record PACCAR Parts Revenue
BELLEVUE, Wash.--(BUSINESS WIRE)-- “PACCAR reported good revenues and net income in the first quarter of 2025,” said Preston Feight, chief executive officer.
About this update from Paccar Inc.
[{"type":"text","content":" BELLEVUE, Wash.--(BUSINESS WIRE)--\n“PACCAR reported good revenues and net income in the first quarter of 2025,” said Preston Feight, chief executive officer. “Peterbilt, Kenworth and DAF delivered good results, PACCAR Parts delivered record revenue and strong profits, and PACCAR Financial Services achieved good results due to its high-quality portfolio. I am very proud of our employees and dealers who have delivered outstanding trucks and transportation solutions to our customers.”\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250429913837/en/Peterbilt 579 Truck\nPACCAR achieved quarterly revenues of $7.44 billion in the first quarter of 2025, compared to $8.74 billion reported in the same period in 2024. The company reported net income of $505.1 million ($.96 per diluted share) in the first quarter of 2025, including a $264.5 million after-tax charge related to civil litigation in Europe. Harrie Schippers, president and chief financial officer, said, “PACCAR is making good progress on substantially resolving the EU civil litigation.” Excluding the charge, the company earned adjusted net income (non-GAAP)1 of $769.6 million ($1.46 per diluted share) in the first quarter of 2025. PACCAR achieved $1.20 billion ($2.27 per diluted share) in net income in the first quarter last year.\n\nFeight added, “The truck industry is in an exciting, dynamic time of technological change. PACCAR’s long-term investments in new truck models, advanced manufacturing and technology-enabled aftermarket solutions will support customers’ and the company’s growth.”\n\nHighlights – First Quarter 2025\n\nHighlights of PACCAR’s financial results during the first quarter of 2025 include:\n\n\nConsolidated revenues of $7.44 billion.\n\n\nNet income of $505.1 million.\n\n\nAdjusted net income (non-GAAP) of $769.6 million.\n\n\nRecord PACCAR Parts revenue of $1.69 billion.\n\n\nPACCAR Parts pretax income of $426.5 million.\n\n\nPACCAR Financial Services pretax income of $121.1 million.\n\n\nCash provided by operations of $910.3 million.\n\n\nCapital investment of $171.9 million and R&D expense of $115.4 million.\n\n\nStockholders’ equity of $18.02 billion.\n\n\n1 See attached supplementary information on non-GAAP financial measures.\n\nGlobal Truck Markets\n\nKevin Baney, PACCAR executive vice pre...