Stock Data
$1.29 (0.98%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
FARM & HEAVY CONSTRUCTION MACHINERY
Paccar Inc is a global leader in the manufacturing and distribution of commercial vehicles, operating under well-known brands like Kenworth, Peterbilt, and DAF. Beyond trucks, the company provides a comprehensive range of services including aftermarket parts, financial services like leasing and financing for customers and dealers, and industrial winch production. With a history dating back to 1905 and headquartered in Bellevue, Washington, Paccar has established a significant presence in the trucking industry, catering to a wide array of hauling needs across various continents.
Paccar leads today's payers, sending $184 million in cash to shareholders on September 2. Four others are paying too, including Winmark at $1.02 a share and FTAI Aviation at 50 cents.
PACCAR crushed expectations with a 5.4% EPS beat and 7.4% revenue beat as truck-segment profitability surged on strong orders and improved freight rates, while record PACCAR Parts revenue of $1.75 billion signals accelerating aftermarket momentum. An EPA emissions clarification on July 9 could unlock pent-up customer purchasing in the second half.
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