PACCAR Inc. (PCAR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to PACCAR's fourth quarter 2025 earnings conference call. All lines will be in 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, everyone. My name is Ken Hastings, PACCAR's Director of Investor Relations. And joining me this morning are Preston Fite, Chief Executive Officer, Kevin Bainey, President, and Bryce Popolosky, 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 and the investor relations page of paccar.com. I would now like to introduce Press and Fight. Good morning. Kevin Bainey, Bryce Poplosky, Ken Hastings, and I will update you on our very good fourth quarter and full year 2025 results, as well as other business highlights. PACCAR's fourth quarter revenues were $6.8 billion and net income was $557 million. In 2025, PACCAR achieved annual revenues of $28.4 billion and adjusted net income of $2.64 billion. which is the fourth highest profit year in company history and the 87th consecutive year of profits. Adjusted after tax return on revenue was 9.3%. I'm proud of Packard's outstanding employees who delivered these results by providing our customers with the highest quality trucks and transportation solutions in the industry. Packard Parts and Packard Financial Services each achieved quar...