PACCAR Inc. (PCAR) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to PACCAR's second quarter 2026 earnings conference call. All lines will be in the 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 and welcome to PACCAR's second quarter 2026 earnings conference call. All lines will be in listen-only mode. My name is Ken Hastings, PACR's Director of Investor Relations, and joining me this morning are Preston Feight, Chief Executive Officer, Kevin Baney, President, and Brice Poplawski, Senior Vice President and Chief Financial Officer. 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 and the investor relations page of PACCAR.com. I would now like to introduce Preston Feight. Hey, thanks, Ken. Good morning, everyone. In the second quarter, PACCAR's outstanding employees did an excellent job of increasing production, to provide our customers with the highest quality trucks and transportation solutions in the industry. Their hard work, high performance, and dedication is enabling PACCAR to continue increasing build rates in our factories around the world. PACCAR's second quarter revenues were $7.5 billion and net income was $752 million, an increase of 24% from the first quarter. These results were driven by strong truck division performance. Packard Parts performed well and achieved record quarterly revenues of $1.75 billion and quarterly pre-tax income of $417 million. Packard Financial also performed well, achieving pre-tax income of $124 m...