PACCAR Inc. (PCAR) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to PACCAR's second quarter 2025 earnings conference call. All lines will be in a listen only mode until the question and answer session. Today's call is being recorded, and if anyone has an objection, they should disconnect at this time. I would now like to introduce Mr. Ken Hastings, PACCAR's Director of Investor Relations. Mr. Hastings, please go ahead. Good morning. We'd like to welcome those listening by phone and those on the webcast. My name is Ken Hastings, PACR's Director of Investor Relations. And joining me this morning are Preston Fite, Chief Executive Officer, Kevin Boehne, Executive Vice President, and Bryce Poplosky, Senior Vice President and Chief Financial Officer. As with prior conference calls, we ask that any members of the media on the line participate in a listen-only mode. Certain information presented today will be forward-looking and involve risks and uncertainties that may affect expected results. For additional information, please see our SEC filings at the investor relations page at paccar.com. I would now like to introduce Preston Veidt. Preston Veidt Hey, thanks, Ken. Morning, everyone. Kevin, Bryce, Ken, and I will update you on our second quarter financial results and business highlights. In these dynamic times, our PACCAR employees have done a great job providing our customers with the highest quality trucks and transportation solutions in the industry. PACCAR achieved good revenues and net income in the second quarter, including record revenues at PACCAR Parts, good performance by the truck divisions, and strong financial services results. PACCAR achieved revenues of $7.5 billion and adjusted net income of $724 million. Packard Parts achieved record quarterly revenues of $1.72 billion and excellent quarterly p...