NASDAQ$PCAR

Paccar Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

PACCAR reported good revenues and net income for the first quarter of 2020, but truck deliveries were impacted by temporary facility closures.

PACCAR's first quarter revenues were $5.16 billion, with a net income of $359.4 million ($1.03 per diluted share). Results were impacted by temporary closures of truck manufacturing facilities due to coronavirus mandates, though PACCAR Parts achieved record results.

  • First quarter revenues reached $5.16 billion.
  • Net income was reported at $359.4 million, or $1.03 per diluted share.
  • PACCAR Parts achieved record results, supporting essential shipments.
  • Kenworth and Peterbilt’s U.S. and Canada Class 8 truck retail sales market share increased to 30.4%.

Headline financials

Total Revenue

$5.16B

Previous: $6.49B-20.4%
EPS (adj)

$0.69

Previous: $1.21-43.0%
Capital Expenditures

-$176M

Previous: -$103M-71.6%
Free Cash Flow

$183M

Previous: $526M-65.2%
Net Income

$359M

Previous: $629M-42.9%
Operating Income

$4.87B

Previous: $6.22B-21.6%
Gross Profit

$5.14B

Previous: $6.49B-20.7%
Cash & Equivalents

$3.32B

Previous: $2.84B+16.9%
Total Assets

$27.3B

Previous: $26.2B+4.3%

Revenue & EPS history

Paccar · Revenue · Quarterly

$5.16B

Q1 2020-20.4%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Paccar · $4.76B total across 2 segments · Q1 2020

  • Truck
    $3.76B-26.4%
  • Parts
    $999M-0.6%

Forward guidance

The outlook for global economies and truck markets is weaker due to the coronavirus pandemic. It is difficult to estimate 2020 truck industry retail sales in North America, Europe and South America.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.4%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-0.1%

Avg return

30 days after

40%

29 / 73 earnings

Positive

+9.5%

Q3 2012

Best reaction

-9.3%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.3%-8.7%-12.1%
Q4 2025-0.1%+0.7%+1.6%
Q3 2025+2.5%+2.7%+0.1%
Q2 2025-1.0%-1.2%+1.8%
Q1 2025-1.9%-2.3%+2.4%
Q4 2024-2.4%+0.9%-4.0%
Q3 2024-5.3%-3.4%+4.1%
Q2 2024-9.3%-9.0%-12.6%
Q1 2024-6.4%-7.8%-6.9%
Q4 2023+3.9%+4.8%+13.8%
Q3 2023+3.9%+2.4%+12.1%
Q2 2023-4.6%-3.8%-5.0%
Q1 2023-0.9%+1.2%-3.7%
Q4 2022+8.4%+8.2%+7.7%
Q3 2022+0.8%+4.7%+15.1%
Q2 2022+3.5%+6.4%+7.5%
Q1 2022-2.3%-3.8%-2.6%
Q4 2021+3.0%+2.8%+0.9%
Q3 2021-1.7%+2.7%+1.7%
Q2 2021-4.8%-4.5%-6.3%
Q1 2021-2.9%-3.7%-2.1%
Q4 2020-1.6%-6.9%-5.3%
Q3 2020-0.2%+1.7%-1.1%
Q2 2020+7.0%+7.6%+9.4%
Q1 2020-1.6%+0.4%+1.5%
Q4 2019+1.3%-1.3%-9.8%
Q3 2019+2.9%+5.3%+9.3%
Q2 2019+4.3%+3.6%-6.8%
Q1 2019-0.7%+0.1%-4.6%
Q4 2018+5.6%+6.0%+10.6%
Q3 2018-9.2%-8.6%-0.9%
Q2 2018+2.0%+5.0%+5.9%
Q1 2018-6.5%-7.2%-6.0%
Q4 2017-5.6%-8.1%-12.6%
Q3 2017-5.9%-3.7%-9.1%
Q2 2017-0.8%-1.4%-7.7%
Q1 2017-3.5%-1.5%-7.4%
Q4 2016+1.5%+1.3%-0.4%
Q3 2016-1.9%-1.7%+10.0%
Q2 2016+5.7%+5.5%+7.2%
Q1 2016+7.4%
Q4 2015+2.5%
Q3 2015-2.1%
Q2 2015+1.6%
Q1 2015+5.5%
Q4 2014-4.1%
Q3 2014+3.4%
Q2 2014-1.4%
Q1 2014-2.8%
Q4 2013-6.0%
Q3 2013-4.5%
Q2 2013-2.8%
Q1 2013-0.1%
Q4 2012-1.2%
Q3 2012+9.5%
Q2 2012-0.2%
Q1 2012+1.5%
Q4 2011-1.0%
Q3 2011+1.0%
Q2 2011-4.8%
Q1 2011+3.0%
Q4 2008-2.5%
Q4 2010-2.5%
Q3 2010-3.0%
Q2 2010+0.8%
Q4 2009+0.8%
Q1 2009-7.0%
Q1 2010+0.0%
Q4 2007+0.9%
Q3 2009+3.2%
Q3 2008+3.2%
Q2 2009-1.7%
Q2 2008-1.7%

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